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House price growth falls to slowest pace for 5 years according to Nationwide

Latest Nationwide House Price Index report – June 2018 released today headlines ‘Annual house price growth slows to a five-year low in June’.

The Nationwide report reveals that most regions saw slowing in house price growth, UK annual house price growth softened to 2%. Prices were up 0.5% uing the month, after taking into account seasonal factors.

London was the only region to see a decline, having seen modest year-on-year price falls in each of the last four quarters according to Nationwide.

Commenting on the figures, Robert Gardner, Natiowide’s Chief Economist, said:
“Annual house price growth fell to its slowest pace for five years in June. However, at 2% this was only modestly below the 2.4% recorded the previous month.

“Indeed, annual house price growth has been confined to a fairly narrow range of c2-3% over the past 12months, suggesting little change in the balance between demand and supply in the market over that period.” more

Read the Nationwide House Price Index report- June 2018 in full click here.

Allen Walkey

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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