House price growth at year low

2nd January 2015

The annual pace of house price growth is now at its slowest for a year, according to the Nationwide. It said that house price inflation fell to 7.2% in December on an annual basis, down from 8.5% in November. Nationwide’s chief economist Robert Gardner said that “The pace of annual house price growth continued to soften as 2014 drew to a close”. St Albans in Hertfordshire saw prices grow 24% to £494,777 in the three months to December, the nation’s strongest performance, while Reading and Belfast also did well over the period – with prices up 19% and 17% respectively. London continued to perform strongly, with prices up 17.8% to £406,730.

Source:   The Times (31/12/14)