In World Economy News 02/12/2016
U.K. house prices increased at a slower pace in November, the Nationwide Building Society said Thursday.
House prices grew 4.4 percent year-on-year in November, slower than the 4.6 percent increase seen in October.
A similar slower growth was last seen in January. The annual growth was expected to accelerate to 4.7 percent.
On a monthly basis, house prices edged up 0.1 percent, as expected, after staying flat in October.
“There are some signs that, despite the uncertain economic outlook, demand conditions have strengthened a little in recent months, reflecting the impact of solid labor market conditions and historically low borrowing cost,” Robert Gardner, Nationwide’s chief economist, said.
Source: RTT
