World News

UK house price growth halves amid rising mortgage interest rates

Source: World news | The Guardian · Published

UK house price growth halves amid rising mortgage interest rates
Source: World news | The Guardian

Prices fell by 0.2% month on month in September as average price of a home slipped to £274,251, says Nationwide Business live – latest updates Annual house price growth halved in the UK last month, as economic uncertainty sparked by conflict in the Middle East continued to deter

Prices fell by 0.2% month on month in September as average price of a home slipped to £274,251, says Nationwide Business live – latest updates Annual house price growth halved in the UK last month, as economic uncertainty sparked by conflict in the Middle East continued to deter homebuyers. The average price of a British home rose 0.8% in the year to September to £274,251, according to Nationwide . That was half the rate recorded in August , when house prices grew 1.6% year on year.

It also marked the slowest pace of home price growth since December last year. Continue reading...

Read Original Source