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UK house prices take pre-Brexit hit, says Nationwide

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.

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