UK house price growth eases to 3-month low in August

By Reuters, London

British house price growth eased to a three-month low in August, adding to signs that the squeeze on household spending since last year's Brexit vote has led to a slowdown in the housing market, a survey showed on Tuesday.

Mortgage lender Nationwide said house prices rose 2.1 percent year-on-year in August, slowing from 2.9 percent in July and matching May's four-year low.

A Reuters poll of economists had pointed to annual growth of 2.5 percent.

House prices slipped 0.1 percent in August compared with the previous month, after rising 0.2 percent in July.