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House prices in the UK posted their weakest rate of growth in almost four years in February, according to Rightmove.

The property web site said the national asking price rose 2.3 per cent year on year, the third straight month of slowing growth and from a 3.2 per cent pace in January. It was the smallest gain since April 2013.

The median estimate among economists surveyed by Bloomberg was for growth of 2.8 per cent.

About a year ago growth in asking prices topped 7 per cent each month from February to May and thus the lead-up to June’s Brexit vote.

Copyright The Financial Times Limited 2017. All rights reserved.

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