All eyes will be on Nationwide’s latest housing prices as market watchers await Friday’s data release.
In the previous data published by Nationwide Building Society, the figures revealed that the house price Index in the UK increased 4.4% YoY in November. This was less than the 7.2% hit in October and below market expectations of 5.8%, marking the second straight month of decline and the biggest fall since June 2020.
Robert Gardner, Nationwide’s Chief Economist, said “the market looks set to remain subdued in the coming quarters”. He added that, while the outlook is “uncertain, and much will depend on how the broader economy performs”, that overall, “a relatively soft landing is still possible”.
