Average house prices remained flat month on month in August, the latest Nationwide’s House Price Index shows, though the annual rate of property price growth nudged up to 0.6%, compared with 0.3% in July. It is the ninth month in a row that annual house price inflation has remained below 1%. The average UK house now costs £216,096, according to Nationwide, £1,567 less than a month ago. The building society warned that Brexit uncertainty is weighing the market down. “In the near term, healthy labour market conditions and low borrowing costs will provide underlying support, though uncertainty is likely to continue to exert a drag on sentiment and activity,” Robert Gardner, Nationwide’s chief economist, said.
City AM (30/08/2019) The Daily Telegraph (30/08/2019)