FILE PHOTO: A Union flag hangs across a street of houses in London, Britain June 3, 2015. REUTERS/Suzanne Plunkett/File Photo GLOBAL BUSINESS WEEK AHEAD
January 4, 2019
LONDON (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)
