Posted by AdviserDirect on 08/30/2019

UK house prices rise at fastest pace in three months in August

UK house prices rise at fastest pace in three months in August

LONDON (Reuters) - British house prices rose in August at the fastest annual pace in three months, mortgage lender Nationwide said on Friday, adding to tentative signs the housing market has picked up from its recent pre-Brexit slowdown.

House prices rose 0.6% year-on-year after a 0.3% rise in July, Nationwide said. On the month, prices were flat.

British house price growth has sagged since the 2016 Brexit referendum - especially in London and neighbouring areas - but at a national level the market appears to have stabilised, surveys suggest.

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