Annual house price growth picked up in January according to Nationwide.

February 1, 2018

Nationwide House Price Index report – January 2018 released today headlines ‘Unexpected pickup in annual price growth in January’

Annual house price growth accelerates to 3.2%, up from 2.6% the previous month according to Nationwide.

Month-on-month pace of increase was steady at 0.6%, the same as the month of December 2017.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist said:
“The annual rate of house price growth picked up to 3.2% at the start of 2018, compared with 2.6% at the end of 2017. House prices increased by 0.6% over the month, after taking account of seasonal factors, the same increase as December.

“The acceleration in annual house price growth is a little surprising, given signs of softening in the household sector in recent months. Retail sales were relatively soft over the Christmas period, as were key measures of consumer confidence, as the squeeze on household incomes continued to take its toll.” more…….

Read the Nationwide House Price Index report – January 2018 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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