House prices UK: February chill on house prices | Property | Life & Style

Average annual house price growth is still in positive territory – just – at 2.2 per cent although the Nationwide suggests that the reason for the reversal of fortunes in house prices on a monthly basis is due to weakening consumer confidence due to a squeeze on household incomes, and comes off the back of warnings of further interest rate rises in 2018 in order for the Bank of England to keep track of inflation.  Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The slowdown is consistent with…

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