U.K. House-Price Growth Slows in Line With Weakening Economy
- Housing market to remain subdued as consumer budgets squeezed
- Lack of available homes will support 2% price growth for 2017
A row of residential terraced housing stands in Bath, U.K.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
U.K. house-price gains cooled in August after the economy slowed in the first half, Nationwide Building Society said.
The 2.1 percent annual increase matched May’s reading, which was the smallest since June 2013. On the month, prices fell 0.1 percent to an average of 210,495 pounds ($270,000).