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- UK house price growth picked up to 3.2% in January
UK house price growth picked up to 3.2% in January
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: "The annual rate of house price growth picked up to 3.2% at the start of 2018, compared with 2.6% at the end of 2017. House prices increased by 0.6% over the month, after taking account of seasonal factors, the same increase as December.
The acceleration in annual house price growth is a little surprising, given signs of softening in the household sector in recent months. Retail sales were relatively soft over the Christmas period, as were key measures of consumer confidence, as the squeeze on household incomes continued to take its toll".
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