You can see how completely out of whack the 'housing market' still is when they call out London, with a growth of 4.8% in the first three months of 2021, the UK's 'worst-performing region':
Looking at the regions, Nationwide’s figures for the first three months of 2021 show London was the UK’s weakest performer, with annual price growth falling to 4.8%, down from 6.2% in the final quarter of 2020.
A cooling in the 'housing market', which is ridiculously over-speculated, overvalued, and a symptom of a weak, unbalanced economy, is only to be welcomed, slight though it is at 0.2%.
You can see how completely out of whack the 'housing market' still is when they call out London, with a growth of 4.8% in the first three months of 2021, the UK's 'worst-performing region':
https://www.theguardian.com/business/2021/mar/31/london-worst-performing-region-uk-house-prices-fall
A cooling in the 'housing market', which is ridiculously over-speculated, overvalued, and a symptom of a weak, unbalanced economy, is only to be welcomed, slight though it is at 0.2%.