The property market’s slowdown continued into 2023 as house prices fell for the fifth month in a row, according to Nationwide’s latest house price index.
House price growth slowed to 1.1% in January from 2.8% in December. Prices fell 0.6% in January, leaving prices 3.2% lower than their August peak.
This brings the average cost of a home in January to £258,297, down from £262,068 in December.
