Pursuits
U.K. Home-Price Growth Slows to Five-Month Low, Nationwide Says
- Annual gain slows to 3.7% in November from 3.9% in October
- Houses for sale at lowest level since the 1970s, lender says
Mapping London's Property Boom
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U.K. house-price growth slowed to a five-month low in November, according to Nationwide Building Society, which also noted a shortage of properties for sale.
The average price of a home rose 0.1 percent to 196,305 pounds ($296,283), the slowest pace since June, following a revised 0.5 percent gain in October, the lender said in a statement on Friday. The annual rate of growth cooled to 3.7 percent from 3.9 percent.