Rise of only 0.5% in December – the slowest annual rate of growth since February 2013
British house prices took a pre-Brexit hit in December, rising by their slowest pace in nearly six years in annual terms, according to data from the mortgage lender Nationwide.
House prices fell by 0.7% from November, the biggest monthly fall since July 2012, Friday’s data showed.
Compared with a year earlier, prices rose by only 0.5% in December – the slowest annual rate of growth since February 2013 – and followed a 1.9% increase in November. Both readings were below all forecasts in a Reuters poll of economists.
Nearest tube – Elephant & Castle underground station (Northern and Bakerloo lines).
Nearest Railway Station – Elephant & Castle
Buses from Elephant and Castle – ask bus driver for Burgess Park. Bus numbers: 12, 171, 148, 176, 68, 484, 42, 40, 45