UK annual house price growth halves as mortgage rates rise, Nationwide says
Nationwide's latest data shows house prices fell in September, with terraced homes outperforming flats over the past year.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Annual growth in UK house prices has halved as mortgage rates rise, according to the latest data from Nationwide.
Nationwide reported that house prices fell in September. Among property types, terraced homes were the strongest performers, with their average price up 1.8% compared with a year earlier.
Flats lag behind
Flats saw considerably less demand over the same period, with Nationwide describing their prices as "essentially unchanged" compared with a year ago.
The figures point to a cooling housing market as higher mortgage rates continue to weigh on buyer demand across different segments of the UK property market.
Sources
- Annual UK house price growth halves as mortgage rates rise – business live — The Guardian — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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