Slight softening in annual house price growth according to Nationwide
Latest Nationwide House Price Index report – August 2018 headlines ‘Slowing in Annual house price growth in August’.
The report reveals annual house price growth softens to 2.0% and prices decline 0.5% month-on-month, biggest monthly fall since July 2012.
Commenting on the figures, Robert gardner,Nationwide’s Chief economist, said:
“August saw a slight softening in annual house price growth to 2.0%, from 2.5% in July. Nonetheless, annual house price growth remains within the fairly narrow range of c2-3% which has prevailed over the past 12 months, suggesting little change in the balance between demand and supply in the market.
“Looking further ahead, much will depend on how broader economic conditions evolve, especially in the labour market, but also with respect to interest rates.” more…..
Read the latest Nationwide House Price Index report – August 2018 in full click here.