Latest data released by the UK Nationwide Building Society - 31 August 2018
- Prior +0.6%
- House price index +2.0% vs +2.7% y/y expected
- Prior +2.5%
Continued slowdown in annual house prices seen in August and the monthly decline is the biggest since July 2012. Once again, domestic consumption issues are being a drag on market activity and that is weighing down house price growth despite low borrowing costs.
The average price of dwellings was at £214,745 in August.
Low-tier data, provides a general glimpse into the UK housing market - which has been slowing a little as London house prices have been coming off.
