Nationwide (HPI) September
Nationwide House Price Index (HPI) September released today headlines ‘Annual house price growth softened in September’
House prices increased by 0.3% in September.
Annual house price growth slowed to 5.3%, from 5.6% in August.
Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The pace of annual house price growth slowed to 5.3% in September, from 5.6% in August, though it remained with in the narrow range of 3% to 6% that has prevailed since early
“The relative stability in the rate of house price growth suggests that the softening in housing demand evident in recent months has been broadly matched on the supply side of the market. Survey data indicates that, while new buyer enquiries have remained fairly subdued, the number of homes on the market has remained close to all-time lows, in part due to low rates of construction activity. more….
To read Nationwide HPI report in full including all the comments from Robert Gardner click here