Slowing house price growth is sign of a cooling economy, warns Nationwide
Nationwide’s measure of house prices was growing by about 5 percent a year around the time of the Brexit vote. The lender said on Thursday it continued to expect house price growth of just 1 percent in 2018. "There are few signs of an imminent change," Nationwide Chief Economist Robert Gardner said.
The year-end growth was better than some had predicted. annual house prices growth stood at 4.5. Nationwide building society warns the London housing market may be facing a "natural correction" as it reports its best ever annual results.. house prices in London rose 17% in the year to. estate agent warns on slowing house price growth.
Nationwide warns house price growth will slow to 2% in 2017 Posted on January 3, 2017 by Stephen Little in News with 0 Comments UK house price growth remained relatively stable throughout 2016, but is set to slow to around 2% this year, according to Nationwide.
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Scotland house prices drop 0.7% in June, but annual growth still positive Your Move’s Scotland House Price Index for June shows a second consecutive monthly drop, with prices falling 0.7 per cent. Annually, however, prices grew by 4.4 per cent.
Nationwide warns of house price slowdown in 2017. the UK economy to slow modestly next year, which is likely to result in less robust labour market conditions and modestly slower house price.
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Annual house price growth continues to soften as 2014 draws to a close UK house prices rose by 0.2% in December Annual house price growth slowed for the fourth month in a row to 7.2% from 8.5% in November House prices increased by 7.2% over the course of 2014, after rising by 8.4% in 2013 Headlines Dec-14 Nov-14
The slowdown in house price growth to the 2-3% range in recent months from the 4-5% prevailing in 2016 is consistent with signs of cooling in the housing market and the wider economy.
As US GDP growth rises at 3% or more for the second quarter in a row, French investment bank natixis urges investors toprepare for the U.S. economy to "slow down substantially" as early as 2018. Patrick Artus, chief economist at Natixis, warned that the current level of corporate investment is "abnormally high" and suggested a downward.