Slowing house price growth is sign of a cooling economy, warns Nationwide
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On a monthly basis house prices rose [.] UK house price growth remained relatively stable throughout 2016, but is set to slow to around 2% this year, according to Nationwide. Its latest house price index showed that annual house price growth was 4.5% in December, the same as the rate recorded at the end of 2015. On a monthly basis house prices rose 0.8% to 205,898, up from 204,947 in November.
"The relative stability in the rate of house price growth suggests that the softening in housing demand evident in recent months has been broadly matched on the supply side of the market," said Robert Gardner, Nationwide’s chief economist.
Nationwide, Britain’s biggest building society, has reported an 18% fall in annual profits and warned of a squeeze on consumers and slowing house price growth as the economy stutters.
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"Although growth will be sluggish, our base case is still that the US economy. but warns problems may be ahead. “At a.
The average price of a home grew by 0.3 per cent in January to 196,829, slowing from December’s 0.8 per cent rise, according to Nationwide’s house price index. This caused the annual growth. House price growth is continuing to show signs of slowing down, according to the UK’s second biggest mortgage lender .
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Housing market is losing momentum, Nationwide says. Read more about sharing. House price growth is continuing to show signs of slowing down, according to the UK’s second biggest mortgage lender. Nationwide said house price inflation slowed to 9.0% in October on an annual basis, down from 9.4% in September.
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