UK house prices increased 0.3 % respectively in 2016 and 2 % YoY , marking the slowest pace of growth in five years , according to data from Nationwide . Nationwide said prices rose by 0.3 percent in September from August when they fell by a monthly 0.5 percent. The building society said weak spending power and economic uncertainty surrounding Brexit were both blamed on prices , which are predicted to increase 1 % this year . Price growth has slowed from around 5 % at the time of the Brexit referendum in June 2016 , it added .
UK house prices increased 0.3 % respectively in 2016 and 2 % YoY , marking the slowest pace of growth in five years , according to data from Nationwide . The building society said weak spending power and economic uncertainty surrounding Brexit were both blamed on prices , which are predicted to increase 1 % this year . Price growth has slowed from around 5 % at the time of the Brexit referendum in June 2016 , it added .