CURVE GOES UP! House price growth steady in February, says Nationwide

The Nationwide has said UK house price increase stayed “constant” in February, with costs up 0.3% from January.

On the other hand, the yearly growth rate picked up to 4.8%, compared with the amount of 4.4% the preceding month.

The typical cost of a property is , 930 GBP196, Nationwide said. The Nationwide said the amount of mortgages went up sharply in January to almost 75,000.

It greatest amount for two years. the said this compared with about 71,000 acceptances in December.

“This is more likely to have brought forward a substantial amount of purchases, which will most likely lead to a drop back in acceptances through the springtime [and] summer.”

Nevertheless, he warned the UK’s referendum on EU membership on 23 June introduced a “possible important downside risk to home market activity and costs”.

He included: “A vote for Brexit could be apt to view a noticeable success to UK economic activity within the remainder of the year as well as in 2017 amid heightened doubts, which will probably weigh down heavily on the home marketplace.”