House price growth drops back in February according to Nationwide

March 29, 2018

Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’.

The report reveals annual house price growth slows to 2.2% in February, down from 3.2% in January. Prices fall 0.3% month-on-month.

Commenting on the figures, Robert Gardner, Nationwide’s Chief economist said:
“After picking up unexpectedly in January, UK house price growth fell back in February, to 2.2% from 3.2% the previous month. House prices fell by 0.3% over the month, after taking account of seasonal factors.

“Month-to-month changes can be volatile, but the slowdown is consistent with signs of softening in the household sector in recent months. Retail sales were relatively soft over the Christmas period and at the start of the new year, aswere key measures of consumer confidence, as the squeeze on household incomes continued to take its toll.” more…..

Read the Nationwide House Price Index report – February 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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