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

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.