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Nationwide: UK house prices fall for the fifth consecutive month

February 1, 2023

Via: MoneyWeek

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.

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