UK February Nationwide house prices -0.5% vs -0.4% m/m expected

  • Latest data released by Nationwide Building Society - 1 March 2023
  • Prior -0.6%
  • House prices -1.1% vs -0.9% y/y expected
  • Prior +1.1%

Annual house price growth in the UK turns negative for the first time since July 2020 as another monthly decline is observed in February. Economic headwinds continue to impact sentiment and the slower momentum in the housing market is likely to drag on as the year progresses.

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