Robert Gardner

Stories

UK house price growth slows to weakest pace since January 2024

Author of the October house price commentary

British house prices were flat in October and annual growth slowed to 0.5%, the weakest since January 2024, according to Nationwide. The average five-year fixed mortgage rate rose to 5.99%, the highest in three years, as markets bet on a Bank of England rate rise.

Updated 2 hours ago

Notable Quotes

"Geopolitical tensions remain high, with the conflict in the Middle East exerting upward pressure on energy prices, fanning inflation concerns."

from UK house price growth slows to weakest pace since January 2024 · Updated 2 hours ago

"Forward-looking indicators suggest further softness in the near term."

from UK house price growth slows to weakest pace since January 2024 · Updated 2 hours ago