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Slowing house price growth is sign of a cooling economy, warns Nationwide

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Slowing house price growth is sign of a cooling economy, warns Nationwide [LONDON] British house price growth remained weak in June as uncertainty about Brexit hung over the market, mortgage lender Nationwide said on Tuesday. House prices increased by 0.5 per cent compared with a year ago, slowing slightly after a 0.6per cent rise in May but in.

LONDON (Reuters) – Growth in British house prices picked up speed for the second month in a row in December, helped by a shortage of homes to buy, but price increases are likely to slow. economic.

U.K. House-Price Growth Slows to Six-Month Low, Nationwide Says. Bloomberg – Brian Swint. U.K. house-price increases continued to slow this month as the brittle economic outlook discouraged buyers and sellers, according to Nationwide.

The most recent figures from Nationwide. price growth in London “conflicts with quite a lot of evidence in the latest surveys that the capital’s bubbling housing market is now cooling”. He added:.

This is the first time that prices haven’t risen on a quarterly basis since the third quarter of 2012 – another sign that the market’s cooling. below those levels. House prices growth is slowing in.

U.K. House price growth shows Signs of Slowing. increase in U.K. house prices showed some signs of abating in September, amid Bank of England concerns that a budding bubble in the U.K. housing.

Last month, annual growth was 13 per cent in the capital. Average prices in London actually dipped to £490,000 in February, down £9,000 from January. This may reflect a cooling. Annual house price.

"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," said Robert Gardner, Nationwide’s chief economist.

The average price of a home grew by 0.3 per cent in January to 196,829, slowing from December’s 0.8 per cent rise, according to Nationwide’s house price index. This caused the annual growth.

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That compares to house price growth in Ireland of 12.8 per cent in the year to October. On the month, prices rose 0.1 per cent, slowing from an increase of 0.2 per cent in October, Nationwide said.

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