EconomyUK house prices grow at slowest pace in two years as mortgage rates rise
UK house prices rose just 0.5% year on year in October, the slowest growth in more than two years, with the average price at £273,566 and unchanged from September, Nationwide said. Higher mortgage costs are deterring buyers, and analysts expect prices to fall further or remain subdued.
UK house prices grow at slowest pace in two years as mortgage rates rise
Economy