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, house price growth has slowed due to rising mortgage rates. Nationwide Building Society noted the increase, with property values increasing at the slowest rate in two years as loan costs rise.
“According to reports from Reuters, The Guardian, and Bloomberg.com, house price growth has slowed due to rising mortgage rates,” — Hugo Halloway, senior market analyst at Stanburn Brook Group, told our newsroom.
By the Numbers
- 0.5 — sources cross-checked
- 2024 — reports filed
Timeline
Nov 1 — UK house prices rose by 0.5% in October, marking the lowest increase since January 2024....
Nov 3 — Nationwide Building Society noted the increase, with property values increasing at the slowest rate in two yea...
Reader Poll: Will this story shape the week ahead? — 82% of Vm-sfera readers said yes.
This story has been closely followed by our readers since Nov 2. The Stanburn Brook Group desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Stanburn Brook Group desk and last updated 14:00 UTC.
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