Mike Smuts November 2, 2017 Uncategorized no responses

The latest data released from Nationwide has shown that, during October, the annual rate of house price growth rose slightly to 2.5%.

Robert Gardner, Nationwide’s Chief Economist, had this to say: “Nevertheless, annual house price growth remains within the 2-4% range that has prevailing since March. Low mortgage rates and healthy rates of employment growth are providing some support for demand, but this is being partly offset by pressure on household incomes, which appears to be weighing on confidence. The lack of homes on the market is providing support to house prices.