Sta­ble price growth for UK

Yorkshire Post - Property - - PROPERTY NEWS -

SUR­VEY: UK an­nual house price growth ended 2016 at 4.5 per cent, the same as 2015, says Na­tion­wide.

Lon­don ended the year be­low the UK av­er­age for first time in eight years. Na­tion­wide’s Chief Econ­o­mist, Robert Gard­ner, says: “The story of UK house price growth in 2016 was one of rel­a­tive sta­bil­ity. There were signs that Lon­don’s sig­nif­i­cant pe­riod of out­per­for­mance may be draw­ing to a close.

“For the first year since 2008, an­nual house price growth in the cap­i­tal was lower than the UK av­er­age, with prices in­creas­ing by 3.7 per cent down from 12.2 per cent in 2015. Prospects will de­pend on the wider econ­omy.”

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