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UK house price growth eases to 3-month low in August - Nationwide
August 29, 2017 / 6:17 AM / 2 months ago

UK house price growth eases to 3-month low in August - Nationwide

LONDON, Aug 29 (Reuters) - British house price growth eased to a three-month low in August, adding to signs that the squeeze on household spending since last year’s Brexit vote has led to a slowdown in the housing market, a survey showed on Tuesday.

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 annual growth of 2.5 percent.

House prices slipped 0.1 percent in August compared with the previous month, after rising 0.2 percent in July. (Reporting by Andy Bruce; editing by Kate Holton)

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