Increase in January of 0.1% on previous month but annual rate slows to 4.1%, says Nationwide

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House prices rose for a fifth consecutive month in January, but the annual rate of growth slowed as the UK property market showed signs of “softening”, according to Nationwide.

The building society’s monthly tracker found that prices in January rose 0.1% on the previous month, with the cost of an average home at £268,213, down on the 0.7% monthly increase recorded in December and 1.2% rise in November.