House price growth at near six-year low

 

UK house prices grew at the slowest annual rate for nearly six years in January, according to the Nationwide, with prices up by just 0.1% from a year earlier, and down from a rate of 0.5% in December. However, month on month prices grew 0.3% at the start of 2019 compared to a 0.7% slip between November and December. The average property price is now £211,966, just £210 more than a year ago. Nationwide said it was likely that the recent slowdown in the market was due to “the impact of the uncertain economic outlook on buyer sentiment”.

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