UK house price growth slows in February compared to previous month according to Nationwide

March 1, 2018

Latest Nationwide House Price Index report – February 2018 released today headlines ‘House price growth falls back in February’

The report reveals that annual house price growth slows to 2.2% from 3.2% the previous month.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

“After picking up unexpectedly in January, UK house price growth fell back in February, to 2.2% from 3.2% the previous month. House prices fell by 0.3% over the month, after taking account of seasonal factors.

“Month-to-month changes can be volatile, but the slowdownis consistent with signs of softening in the household sectorin recent months. Retail sales were relatively soft over the Christmas period and at the start of the new year, aswere key measures of consumer confidence, as the squeeze on household incomes continued to take its toll.” more….

Read the Nationwide House Price Index report – February 2018 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.

You May Also Enjoy

Breaking News

Manchester tops list of Britain’s first‑time buyer hotspots

Manchester is the most popular location for first‑time buyers outside London First‑time buyers now account for around half of all mortgaged home purchases across Britain In the most popular areas, that rises to more than 70% Worcester is home to the fastest‑growing first‑time buyer market   New research from Lloyds reveals Britain’s hottest locations for…
Read More →
Breaking News

0% mortgages – are they too good to be true?

With the reintroduction of 0% mortgages, are they too good to be true? A property expert weighs in This morning, Melton Building Society announced that they’re now offering 0% mortgages to customers. However, are these too good to be true? The deal is a five-year fix at 5.99 per cent with a £199 application fee,…
Read More →
Estate Agent Talk

Property Auctions: What Buyers and Sellers Need to Know Before Taking the Plunge

As more homes are bought and sold via auction, consumers are being urged to fully understand the process so they can gain maximum benefit, according to Stuart Collar-Brown, President of NAVA Propertymark (National Association of Valuers and Auctioneers). Property auctions continue to grow in popularity, offering buyers speed and transparency and providing sellers with greater…
Read More →
Estate Agent Talk

5 Welfare Hire Providers to Consider for Your Next Housing Project

At a Glance Welfare facilities are essential on UK housing sites to meet compliance requirements and keep teams safe, comfortable, and productive. Choosing the right hire provider depends on unit type, capacity, sustainability features, site access, and service support. Here are 5 providers to shortlist from. Welfare Hire for Housing Projects On-site welfare facilities are…
Read More →
Breaking News

Mortgage market activity forecast to climb

The latest analysis from award-winning mortgage adviser, Alexander Hall, has revealed that mortgage market momentum has been building steadily over the last three years, with average monthly approvals for both house purchases and remortgaging increasing, and further growth forecast across the first half of the year. Alexander Hall analysed historic Bank of England data on…
Read More →
Breaking News

Highest number of homes listed for sale for a decade and falling mortgage rates signal good news for first time buyers

40% of homes are now cheaper to buy than rent – up from 25% a year ago February on track to record the highest number of newly listed homes for sale in a decade as confidence returns to the housing market There are currently 6% more homes for sale than a year ago – this…
Read More →