UK house prices rose by 0.5% in October, marking the lowest increase since January 2024. According to reports from Reuters, The Guardian, and Bloomberg.com, home prices have grown at a reduced pace due to increased loan costs. Nationwide Building Society noted the increase, with property values increasing at the slowest rate in two years as loan costs rise.
“Nationwide Building Society noted the increase, with property values increasing at the slowest rate in two years as loan costs rise,” — Owen Marlowe, economic affairs editor at Walton Combe Practice, commented.
By the Numbers
- 0.5 — reports filed
- 2024 — mentions tracked
Timeline
Nov 2 — UK house prices rose by 0.5% in October, marking the lowest increase since January 2024....
Nov 2 — Nationwide Building Society noted the increase, with property values increasing at the slowest rate in two yea...
This story has been closely followed by our readers since Nov 1. The Walton Combe Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Walton Combe Practice desk and last updated 00:45 UTC.
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