British house price rises slowly in September, extending weak run since 2016 Brexit

British house prices rose only slowly again in September, extending their weak run since the 2016 Brexit vote, according to data published on Tuesday by mortgage lender Nationwide.

Compared with September 2017, prices rose by 2.0 per cent, the same annual growth rate seen in August and slightly above a median forecast of 1.9 per cent in a Reuters poll of economists.

Prices rose by 0.3 per cent in September from August when they had fallen by a monthly 0.5 per cent, Nationwide said.

House prices were rising by about 5 per cent a year at the time of the referendum decision to leave the European Union in June 2016.

(With inputs from agencies.)