UK house price growth cools unexpectedly in May – Nationwide

 · London House Prices Fall as U.K. Property Continues to Cool. U.K. house-price growth has slowed to the weakest pace in five years, while London values are falling, according to nationwide building society. The lender said the “subdued economic activity” and squeezed household budgets are keeping a lid on demand,

House prices rose 2.1 percent in the year to March, weaker than all forecasts in a Reuters poll of economists that had pointed to growth of. rates again in May to a new post-financial crisis high.

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Mortgage lender Nationwide said house prices rose 2.1 % year-on-year in August, slowing from 2.9 % in July and matching May’s four-year lowReuters | August 29, 2017, 18:00 IST By: Andy Bruce LONDON:.

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The unexpected rise in annual property inflation comes against a backdrop. On the up: UK house prices have risen by 3.2 per cent in the last year, Nationwide said. The previously hot London and South East markets have cooled, with. society, raised the prospect that this decline may now have halted.

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Mortgage lender Nationwide said house prices rose 2.1 percent year-on-year in August, slowing from 2.9 percent in July and matching May’s four-year low. A Reuters poll of economists had pointed to.

UK house prices cooled unexpectedly. to mortgage lender Nationwide. Property prices rose 0.6pc compared with May last year – slower than the 0.9pc rise in April. It was the sixth consecutive month.

However, he added: “If May has been rough for the global indices, it has been. Meanwhile, back in the UK, the FTSE 100 was sneaking towards a.. 10.00am: Housebuilders under the cosh as house price growth cools. The Nationwide Building Society said annual house price growth remained below.

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measures aimed at cooling parts of the market through. as a more noticeable drag on UK house price growth. You can bet that. It was not until May 2014, for example, that the average. Nationwide House Price Index. Average house price . UK. 2007: 181,180. 2017:. The unexpected result of the general election,