This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-30630655
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| House price growth lowest for a year, says Nationwide | House price growth lowest for a year, says Nationwide |
| (35 minutes later) | |
| The annual pace of house price growth is now at its slowest for a year, according to the UK's second biggest mortgage lender. | The annual pace of house price growth is now at its slowest for a year, according to the UK's second biggest mortgage lender. |
| Nationwide said house price inflation fell to 7.2% in December on an annual basis, down from 8.5% in November. | Nationwide said house price inflation fell to 7.2% in December on an annual basis, down from 8.5% in November. |
| However, activity in the housing market is likely to pick up in the months ahead, Nationwide said. | However, activity in the housing market is likely to pick up in the months ahead, Nationwide said. |
| Monthly house prices rose by 0.2% in December, taking the average house price up to £188,559. | Monthly house prices rose by 0.2% in December, taking the average house price up to £188,559. |
| "The pace of annual house price growth continued to soften as 2014 drew to a close," said Nationwide's chief economist, Robert Gardner. | |
| Mr Gardner said the slowdown in the housing market was "surprising given further steady gains in employment, a pickup in wage growth (albeit from low levels) and the continued low level of mortgage rates" in the UK. | |
| "If the economic backdrop continues to improve as we and most forecasters expect, activity in the housing market is likely to regain momentum in the months ahead," he added. |