UK house prices grow at slowest pace in two years as mortgage rates rise
Sluggish growth of 0.5% in October comes as higher borrowing costs put break on market UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buyers. The average price for a property in the UK stood at £273,566 in October, flat on the previous month and down from 0.8% in the year to September, according to the lender Nationwide.
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-30. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.