Forex News

UK October Nationwide house prices -0.9% vs 0.0% m/m prior

image
  • Prior 0.0%
  • House prices +7.2% y/y
  • Prior +9.5%

UK house prices show a first monthly decline since July 2021 with a sharp slowdown seen in the annual house price growth last month. Nationwide notes that:

“The market has undoubtedly been impacted by the turmoil following the mini-Budget, which led to a sharp rise in market interest rates. Higher borrowing costs have added to stretched housing affordability at a time when household finances are already under pressure from high inflation.”


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /var/www/vhosts/beta.livemarkets.com/wp-includes/functions.php on line 5420

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /var/www/vhosts/beta.livemarkets.com/wp-includes/functions.php on line 5420