[London, 30th Reuters]-Housing prices in August announced by UK housing finance company Nationwide rose 0.6% year-on-year, accelerating growth from 0.3% in July.
No change from the previous month.
“While the housing market has recently recovered, housing prices are expected to remain soft due to the economic downturn and uncertainty about the future,” said Howard Archer, chief economist advisor at consultant firm EY Item Club "Said.
For the full year of 2019, house prices are expected to grow only 1.0%.
