UK House Price Inflation Tops 1% For First Time In 12 Months

UK house price inflation exceeded 1 percent for the first time in 12 months in December, survey data from the Nationwide Building Society showed on Friday.

The house price index rose 1.4 percent year-on-year following a 0.8 percent climb in November. The inflation rate was the highest since November 2018, when it was 1.9 percent, and was in line with economists' expectations.

On a month-on-month basis, house prices edged up 0.1 percent in December after a 0.5 percent increase in the previous month. The monthly changed matched expectations.

In the three months to December, the house price index rose 0.8 percent year-on-year after a 0.3 percent increase in the September quarter. House prices grew 0.4 percent sequentially.

"Overall, we expect the economy to continue to expand at a modest pace in 2020, with house prices remaining broadly flat over the next twelve months," Nationwide's Chief Economist Robert Gardner said.



by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram