U.K. house prices rose to a record last month and recent indications of a slowdown in the market may prove short lived, according to Nationwide Building Society.
U.K. house prices rebounded in October to erase the previous month’s losses in a property market characterized by “relative stability” and subdued transaction levels, Nationwide Building Society said.
U.K. house-price growth accelerated in April as a surge in London pushed the annual increase to the most since before the financial crisis struck, according to Nationwide Building Society.
U.K. consumer confidence fell to a record low in February as Britons grew more pessimistic about the sustainability of the economic recovery and the outlook for jobs, Nationwide Building Society said.
U.K. house prices rose for a 13th month in January to their highest level in almost six years as the economy gained momentum, Nationwide Building Society said.
U.K. house prices rose and mortgage lending surged more than forecast as the property market’s momentum continued to build at the end of 2013.
U.K. consumer confidence fell in April as Britons grew more pessimistic about the outlook for the economy and spending, Nationwide Building Society said.
U.K. house-price growth picked up this month as demand for new homes outstripped the supply available for sale, boosted by low interest rates and government incentives.
U.K. house prices rose for a 15th month in March as values in London climbed to more than double the national average, according to Nationwide Building Society.
"The annual pace of growth in the capital will probably start to slow in the quarters ahead, given the high base for comparison from the third quarter of 2013 onward."
- Robert Gardner on Jul 01, 2014