UK January Nationwide house prices -0.3% vs +0.3% m/m expected

Latest data released by UK Nationwide Building Society - 2 February 2021

• Prior +0.8%; revised to +0.9%
• House prices +6.4% vs +6.9% y/y expected
• Prior +7.3%

The data is released a little earlier than scheduled and reflects a first monthly decline in house prices since June last year. That said, it is seen as a bit of moderation as UK housing market conditions keep more robust in general for the time being.