January 4, 2019 / 7:15 AM / in 3 months

UK house prices rise at slowest pace in nearly 6 years -Nationwide

LONDON, Jan 4 (Reuters) - British house prices rose at their slowest annual pace in nearly six years in December and fell unexpectedly in monthly terms, mortgage lender Nationwide said, in the latest sign of a housing market slowdown since the Brexit vote in 2016

Annual house price growth slowed to 0.5 percent, Nationwide said on Friday, compared with a rise of 1.9 percent in November and weaker than a median forecast of 1.5 percent in a Reuters poll of economists.

In monthly terms, prices fell by 0.7 percent, against a poll forecast of 0.1 percent.

Writing by William Schomberg Editing by David Goodman

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