British annual house price growth marked a further "sharp" slowdown in December, mortgage lender Nationwide said, ending the year on a downbeat note as the impact of surging mortgage costs reversed some of the pandemic-led boom in the market. The lender also said that the final month of 2022 saw prices record their worst run since 2008 on a monthly basis, falling 0.1% compared with November in their fourth consecutive monthly price fall. A Reuters poll of economists had pointed to a fall of 0.7%.
About the Author
