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British annual house price growth slows, falls unexpectedly in monthly terms


Devdiscourse News Desk United Kingdom
Updated: 04-01-2019 13:20 IST
British annual house price growth slows, falls unexpectedly in monthly terms

(Image Credit: Twitter)

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

(With inputs from agencies.)

COUNTRY : United Kingdom

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