According to data released by Nationwide, house prices in Britain grew at a surprisingly low rate of 0.6% in May, down from 0.9% in April – touching the slowest growth rate in three months.
The figure beat economists’ expectations which were for a 1.2% rise in house prices during May. House prices across the UK, except in London, have been rising higher. In London, house prices are falling over Brexit uncertainty and some tax changes.
Economists expect the trend in house prices to continue in this manner in the coming months, fueled especially by the political upheaval and Brexit tensions.