ANNUAL RATE OF HOUSE PRICE GROWTH REMAINS BROADLY STABLE AT START 2017 SAYS NATIONWIDE

Nationwide House Price Index (HPI) released today headlines ‘Steady start to the year for UK house price growth’

Annual house price growth is broadly stable at 4.3%, slightly down from last month (Dec 2016) at 4.5%, there was a 0.2% rise month-on-month in January compared to 0.8% for Dec 2016.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The annual rate of house price growth remained broadly stable at the start of 2017 at 4.3%, only modestly below the growth rate in December of 4.5%. House prices increased by 0.2% over the month, after taking account of seasonal factors.
“The outlook for the housing market remains clouded, reflecting the uncertainty surrounding economic prospects more broadly”.

Via: https://estateagentnetworking.co.uk/annual-rate-house-price-growth-remains-broadly-stable-start-2017-says-nationwide/

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