UK house prices dip unexpectedly in February: Nationwide

[LONDON] British house prices fell unexpectedly during February, reflecting a subdued consumer economy, mortgage lender Nationwide said on Thursday.

House prices fell 0.3 per cent month-on-month after a 0.8 percent rise in January, Nationwide. The consensus of economists polled by Reuters had pointed to an increase of 0.2 per cent.

In annual terms, house prices rose 2.2 per cent, slowing sharply from growth of 3.2 per cent in January. The Reuters poll had pointed to growth of 2.6 per cent.

REUTERS