Published • loading... • Updated
Annual rate of UK house price growth halved 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.
Insights by Ground AI
11 Articles
11 Articles
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 [...]
·London, United Kingdom
Read Full Article
The IndependentReposted by 
The Independent (US)
The Independent (US)What happened to UK house prices in September?
Changes blamed on geopolitical tensions
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources11
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
To view factuality data please Upgrade to Premium
