British house price growth eased to a 3-month low in August
British house price growth eased to a three-month low in August, adding to signs that the squeeze on household spending since last year’s Brexit vote has led to a slowdown in the housing market, a survey showed on Tuesday.
Mortgage lender Nationwide said house prices rose 2.1 percent year-on-year in August, slowing from 2.9 percent in July and matching May’s four-year low.
A Reuters poll of economists had pointed to annual growth of 2.5 percent.
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House prices slipped 0.1 percent in August compared with the previous month, after rising 0.2 percent in July.
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