- Prior +0.2%
Over the course of the year, UK house prices fell by 1.8% and that is arguably much less hurtful than anticipated considering the rate hikes by the BOE. The average price of a dwelling is seen at £257,443 to end the year. Nationwide does note that a rebound next year "appears unlikely" though as they say that "consumer confidence remains weak and surveyors continue to report subdued levels of new buyer enquiries".