UK house prices increased 0.3% MoM in September and 2% YoY, equalling the slowest pace of growth in five years, according to data from Nationwide. The ONS said that while it was too early for a definitive conclusion on whether the Brexit vote had affected prices, there were signs that some buyers may be reconsidering their plans. 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% MoM in September and 2% YoY, equalling 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 dragging 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.