I heard this mentioned on BBC news, and they stated that it excluded cash buyers. 🤔 BBC often a cheerleader for increases being' good' so it was nice to hear the disclaimer.
So anybody getting a good deal and not in a chain doesn't count? I sold a house in 2008 and waited a good 6 months in rental (like any good HPCer) and bought my house cash. I expect Nationwide think it skews figures downwards but it would also be more accurate.