LONDON: British house prices rose more slowly in September than in August, according to figures from mortgage lender Nationwide, adding to signs of a cooling in the housing market after voters decided in June to leave the European Union.
Prices rose by 5.3% in September compared with the same month last year, slower than August’s increase of 5.6%, Nationwide said.
The September figure matched expectations from economists polled by Reuters.
In monthly terms, house prices rose by 0.3 percent, also slowing from a rise of 0.6 percent in August. (Writing by William Schomberg; Editing by Louise Ireland)
Source: Reuters