Low mortgage rates and property shortage prevented bigger slowdown, as London prices fell for first time in eight yearsUK house price growth increased just 2.6% last year while prices in London fell for the first time in eight years, according to Nationwide.It was the slowest rate of annual growth since 2012, as households constrained by falling real pay grew increasingly reluctant to commit to major spending decisions. The average price of a UK home was £211,156 in December. Continue reading…
Source : theguardian.com
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