Economics

U.K. House Price Growth Slows to Five-Year Low, Nationwide Says

Growth slows to just 0.5% in 2018 from 2.6% a year earlier
Market is moderating due to low confidence, Brexit uncertainty

What Brexit uncertainty means for housing. Bloomberg’s Neil Callanan reports.(Source: Bloomberg)

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By Jill Ward

January 4, 2019 at 7:29 AM UTC

This article is for subscribers only.

U.K. house prices posted their slowest annual growth in five years, according to Nationwide Building Society.

Growth slowed to just 0.5 percent in 2018, down from 2.6 percent a year earlier, the firm said in a report Friday. That was the slowest 12-month pace since February 2013. On the month, home values fell 0.7 percent.