UK annual house price growth ends 2016 same as for 2015 at 4.5%

The Nationwide today released their House Price Index report for December headlined ‘Annual price growth stable as 2016 draws to a close’

UK annual house price growth ended 2016 at 4.5%, the same as 2015, up slightly from 4.4% in November. Price growth in London ended the year below UK average for first time in 8 years.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The story of UK house price growth in 2016 was one of relative stability. Annual house price growth ended 2016 at 4.5%, the same as the rate recorded in 2015. “There were signs that London’s significant period of outperformance may be drawing to a close”. more…

Read the Nationwide HPI report including 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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