UK house prices grow at slowest annual pace since June 2013

London

BRITISH house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned the slowdown might not persist unless house-building picks up significantly.

House prices rose 3.2 per cent year-on-year in August, the weakest annual rate since June 2013, compared with a 3.5 per cent rise in July.