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”.