LONDON: British house price growth slowed in line with economists' forecasts this month, as activity continued to remain relatively weak, figures from mortgage lender Nationwide showed on Friday.
Nationwide said house prices rose just 0.3 percent in November, slowing from October's rate of 0.5 percent. Compared to a year earlier, house prices were up 8.5 percent.
"Housing market turnover rates are well below long-term averages," Nationwide chief economist Robert Gardner said in a statement.
Comments
Comments are closed.