UK house prices rise at slowest pace in nearly 6 years

UK house prices rise at slowest pace in nearly 6 years

British house prices rose at their slowest annual pace in nearly six years in December

They also fell unexpectedly in monthly terms, mortgage lender Nationwide said, in the latest sign of a housing market slowdown since the Brexit vote in 2016

Annual house price growth slowed to 0.5 percent, Nationwide said on Friday, compared with a rise of 1.9 percent in November and weaker than a median forecast of 1.5 percent in a Reuters poll of economists.

In monthly terms, prices fell by 0.7 percent, against a poll forecast of 0.1 percent.

Published: by Radio NewsHub
Start your relationship

If you are interested in receiving bulletins from Radio News Hub or would simply like to find out more please fill in the form below.

We aim to get back to you within 48 hours