LONDON (Reuters) – British house prices rose by just 0.1 percent in annual terms in January, their weakest increase in nearly six years, adding to signs of a slowdown in the country’s housing market ahead of Brexit, data from mortgage lender Nationwide showed.
Nationwide said the housing market’s loss of momentum reflected the unusually “uncertain economic outlook” but if the economy grew modestly, house prices on a national level would probably grow “at a slow single-digit pace” this year.
Terms - Prices - Percent
In monthly terms, prices rose by 0.3 percent.
Britain is due to leave the European Union on March 29 but Prime Minister Theresa May, under pressure from her own Conservative...
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