A worker uses a stair at a construction site in central London, Britain November 2, 2016. REUTERS/Stefan Wermuth
LONDON (Reuters) – British house prices rose at their slowest annual pace in nearly six years in December and fell unexpectedly in monthly terms, mortgage lender Nationwide said, in the latest sign of a housing market slowdown since the Brexit vote in 2016
Annual house price growth slowed to 0.5 percent, Nationwide said on Friday, compared with a rise of 1.9 percent in November and weaker than a median forecast of 1.5 percent in a Reuters poll of economists.
In monthly terms, prices fell by 0.7 percent, against a poll forecast of 0.1 percent.
Writing by William Schomberg; Editing by David Goodman
Our Standards:The Thomson Reuters Trust Principles.
This article was originally published by Reuters.com. Read the original article here.
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