Wireva

UK house price growth slows to near three-year low as mortgage costs bite

Annual house price growth in the UK has slowed to its weakest level since early 2024, with Nationwide reporting monthly property value growth of 0.5 per cent in October as higher mortgage costs weigh on buyers.

This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.

Monitoring item. The full text is not distributed. Extract and source below.

Annual house price growth in the UK has slowed to its weakest level since early 2024, with Nationwide reporting monthly property value growth of 0.5 per cent in October as higher mortgage costs weigh on buyers.