Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Unexpected fall in UK house prices
Against expectations for a 0.2% increase in UK house prices during February, mortgage lender Nationwide says the figure has turned out to be a 0.8% fall.
Chief executive of property lender Octane Capital, Jonathan Samuels, comments: ‘While weak supply and very low borrowing costs will prevent a collapse in prices, it’s hard to see 2018 delivering anything other than very low single digit growth.
‘February could go down as the month the big freeze on prices took hold.’ (TS)