The Nationwide released their HPI
report for December.
UK house prices rose by 0.2% in December
Annual house price growth slowed for the fourth month in a row to 7.2% from 8.5% in November
House prices increased by 7.2% over the course of 2014, after rising by 8.4% in 2013
Commenting on the figures, Robert Gardner, Nationwides Chief Economist, said:
“The pace of annual house price growth continued to soften as 2014 drew to a close, slowing from 8.5% in November to 7.2% in December. This marks the fourth consecutive month in which annual growth has moderated, despite house prices increasing by 0.2% month on month in December. The 7.2% increase recorded over the year as a whole, is modestly lower than the 8.4% gain recorded in 2013.
“While cooling in the London market is a part of the story, this is not the main explanation for the slowdown evident in the UK figures in recent months. Indeed, annual price...