House price growth hits five-year low, Nationwide says

Annual growth in UK house prices has fallen to its slowest pace in five years, according to Nationwide, which says demand has been subdued amid properties coming to the market as “more of a trickle than a torrent”. Prices rose by 2% in the past year, while the month-on-month rise was 0.5%, taking the average price of a home to £215,444. Nationwide predicted that house prices will rise by 1% over the course of 2018. Robert Gardner, Nationwide's chief economist, said that annual house price growth had been “confined to a fairly narrow range” of about 2% to 3% over the past 12 months, suggesting "little change in the balance between demand and supply in the market over that period".

BBC News (27/06/2018)