UK House Prices Rise at Slowest Pace Since January

British house prices increased last month at the weakest annual rate since January, although there are signs that demand in the market is beginning to strengthen, mortgage lender Nationwide said on Thursday.

House prices increased 4.4 percent compared with a year earlier, down from growth of 4.6 percent in October, Nationwide said. Economists in a Reuters poll had expected house price growth to remain steady at 4.6 percent.

In November alone, house prices edged up 0.1 percent – in line with expectations.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.