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30 Dec 2015

UK House Price Growth Accelerates in December

Low trading volumes and lack of significant macroeconomic data continue to remain the highlight of the final week of this year. The UK docket this week has only one data in the form of the latest survey by building society Nationwide which came out earlier today. The survey indicated that average house prices in the UK grew more than expected in December, slightly triggering concerns that property could become unaffordable in the near future. Looking towards Europe, the EU measure of inflation in Spain unexpectedly dipped lower from a year ago in December. Across the Atlantic, pending home sales figures for the prior month due later in the day will provide more insights about the US residential market.