High-rise apartments under construction can be seen in the distance behind a row of residential housing in south London, Britain, August 6, 2021. REUTERS/Henry Nicholls
In annual terms, house price growth slowed to 2.8% in December from 4.4% in November, Nationwide said, compared with the 2.3% growth forecast in a Reuters poll. "While financial market conditions have settled, mortgage rates are taking longer to normalise and activity in the housing market has shown few signs of recovery," Nationwide chief economist Robert Gardner said in a statement.
Damn shame real estate moguls can't make a killing in this slumped world wide economy. I feel so sorry for them 😂
Prices grew this year, yes the growth rate did slow down. Pity Reuters does not make it very clear