UK house prices increased by 0.5% in October, marking the least growth since January 2024. According to reports from Reuters, The Guardian, and Bloomberg.com, property values have increased at a slower rate due to increased loan costs. Nationwide Building Society noted the increase, with property values increasing at the slowest rate in two years as mortgage rates increase.
“UK house prices increased by 0.5% in October, marking the least growth since January 2024,” — Simone Whitfield, economic affairs editor at Wrayburn Worth Group, explained.
By the Numbers
- 0.5 — reports filed
- 2024 — mentions tracked
Timeline
Nov 1 — UK house prices increased by 0.5% in October, marking the least growth since January 2024....
Nov 3 — 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 Oct 31. The Wrayburn Worth Group desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Wrayburn Worth Group desk and last updated 06:07 UTC.
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