UK house price growth eases to 0.5% in October

Economy · First reported 30 Oct, 08:12 · Updated 08:37

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Nationwide reported that annual UK house price growth slowed from 0.8% in September to 0.5% in October, while month-on-month prices were unchanged. The report linked market pressure to higher mortgage costs and uncertainty, and HMRC figures showed fewer residential sales in September than a year earlier.

Nationwide’s annual house price growth measure fell to 0.5% in October from 0.8% in September; monthly prices were unchanged.
The average UK property price was £273,566 in October, according to Nationwide.
HMRC reported 94,800 residential sales transactions in September, 4% fewer than a year earlier.

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Key facts

Annual house price growth: 0.5% in October, down from 0.8% in September.
Monthly price change: Unchanged in October.
Average UK property price: £273,566 in October.
Residential sales transactions: 94,800 in September, 4% below a year earlier.