annual rate of House price growth little changed in February says Nationwide

Nationwide House Price Index (HPI) report February 2017 released today headlines ‘UK house prices continued to rise steadily in February’.

Annual house price growth edges up to 4.5%, slightly higher than January at 4.3%. A month-on-month rise in February of 0.6%.

More households in England own outright than with a mortgage.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The annual rate of house price growth was little changed in February at 4.5%, only slightly higher than the 4.3%recorded in January. House prices increased by 0.6% over the month, after taking account of seasonal factors.

“Recent data suggests that the UK economy has continued to perform relatively strongly. The economy accelerated slightly in Q4, expanding by a healthy 0.7% quarter-on-quarter, and the unemployment rate remained stable at an 11-year low of 4.8%. more…

Read the Nationwide HPI report February including  the comments from Robert Gardner 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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