- January Sees House Prices Rise 0.3% m/m, Up 4.4% y/y
LONDON (MNI) - UK house price inflation increased at a slowing pace in
January, the latest survey from the Nationwide Building Society shows.
The Nationwide House Price Index showed prices rose 0.3% on the month,
slower than the 0.8% pace recorded in December. Prises rose 4.4% on the year
after a 4.5% increase in the prior month.
Commenting on these data, Nationwide Chief Economist Robert Gardner noted a
dearth of properties on the market in recent months, along with lagging
construction activity, was still an issue for the market.
"The concern remains that construction activity will lag behind
strengthening demand, putting upward pressure on house prices and eventually