House price growth moderates to 2.1% in August according to Nationwide

August 29, 2017

Nationwide House price Index August 2017 released today headlines ‘House price growth slows in August.’

Annual house price growth slows to 2.1%, from 2.9% in July, a modest 0.1% fall month-on-month.

Stamp duty land tax (SDLT) revenues have reached all time highs in cash terms in recent quarters, reaching £12.8 billion in the twelve months to Q2 2017.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The annual pace of house price growth moderated to 2.1% in August, from 2.9% in July. The slowdown in house price growth to the 2-3% range in recent months from the 4-5% prevailing in 2016 is consistent with signs of cooling in the housing market and the wider economy. ” more….

Read the Nationwide House price Index August 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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