Nationwide Says UK House Price Growth Halves to 0.8% in September
Nationwide said higher mortgage rates and inflation pressures kept demand subdued as the average UK home price slipped 0.2% from August.
- UK annual house price growth halved to 0.8% in September, the weakest rate since December 2025, according to Nationwide Building Society, with average prices reaching £274,251.
- Geopolitical tensions in the Middle East are exerting upward pressure on energy prices, fanning inflation concerns and spurring financial market expectations of Bank of England rate increases that maintain pressure on mortgage pricing.
- Buyers and sellers are adopting a 'wait-and-see' approach ahead of Chancellor John Healey's first Budget, mortgage expert Karen Noye said, while Knight Frank researchers noted rising mortgage rates continue to toll on demand.
- Total bank lending growth is set to slow to 2.9% this year, according to the EY UK Bank Lending Outlook, though mortgage lending remains comparatively resilient despite challenging economic environments.
- Rising unemployment and slower income growth could weigh on housing demand over coming years, though Gardner noted underlying housing affordability is improving as price growth has lagged earnings growth for some time.
16 Articles
16 Articles
UK House Prices Fall Unexpectedly: Nationwide
UK house prices dropped unexpectedly in September as geopolitical tensions and rising energy prices add fears of interest rate hikes, data from the Nationwide Building Society revealed Thursday. House prices fell 0.2 percent on a monthly basis in September, offsetting a 0.2 percent rise in August. Prices were forecast to remain flat.
House Prices Unexpectedly Fell By 0.2% in September
Typical property values dropped by 0.2% last month, with the average house price dropping to £274,251. Analysts were expecting figures to remain steady after August saw 0.2% growth. Instead, that growth has been wiped out as borrowers brace for inevitable interest rate hikes… The annual growth figure has also halved to 0.8%, the slowest rate…
UK house prices fall at fastest rate since May
UK house prices fell at their fastest pace since May as expensive mortgages and uncertainty ahead of the Autumn Budget fuelled caution among buyers. Prices fell 0.2 per cent during September, faster than economists had expected and reversing August’s 0.2 per cent increase, according to data from Nationwide. The average UK home was valued at [...]
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