UK house prices rise more slowly in September: Nationwide

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LONDON: British house prices rose more slowly in September than in August, according to figures from mortgage lender Nationwide, adding to signs of a cooling in the housing market after voters decided in June to leave the European Union.

Prices rose by 5.3% in September compared with the same month last year, slower than August’s increase of 5.6%, Nationwide said.

The September figure matched expectations from economists polled by Reuters.

In monthly terms, house prices rose by 0.3 percent, also slowing from a rise of 0.6 percent in August. (Writing by William Schomberg; Editing by Louise Ireland)

 

Source: Reuters