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House price growth slowest for almost six years, says Nationwide

The latest survey from the Nationwide says property values grew by just 0.5% last year.

Prices rise 0.3% from a year earlier, with the average home now valued at 224,578, the Halifax says.

Savills predicts house price growth in 2019-24 will be 21.6% in the North West of England, but only 4.5% in London.

Homeowners are staying put rather than moving house amid a period of economic uncertainty.

The lender says low interest rates and a "constrained" supply of homes for sale are supporting prices.

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