According  to a recent article in the Telegraph the house price growth in Britain was weaker than expected in with figures from Nationwide Building Society showing a slip in average property prices.

The annual rate of house price growth continues to slow, remaining stable at 2.5pc in November – but down from 4.3pc at the beginning of the year. There was a modest 0.6pc increase in growth in the three months to November.

Average UK property prices have fallen from £211,085 in October to £209,988.

Robert Gardner, Nationwide’s chief economist, said that annual growth remains within the 2-4pc range that has prevailed since March.

While low mortgage rates, a lack of housing stock, and healthy rates of employment growth are providing support for property demand and propping up house prices, this is being partly offset by pressure on household incomes, which appears to be weighing on confidence, Mr Gardner said.


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