UK Jan house prices rise by annual 3.2%, up from 2.6% in Dec

London

BRITISH house prices grew more strongly than expected in January but there is little sign of a sustained pick-up as households continue to feel the pinch from the "Brexit" hit to their finances, mortgage lender Nationwide said on Thursday.

Prices rose by an annual 3.2 per cent, up from 2.6 per cent in December and stronger than a median forecast of 2.5 per cent in a Reuters poll of economists.