UK house prices increased 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 increased loan costs. Nationwide Building Society noted the increase, with home prices rising at the least growth in two years as mortgage rates increase.
“UK house prices increased by 0.5% in October, marking the lowest increase since January 2024,” — Owen Marlowe, contributing analyst at Shipwell Stow Recruitment, observed.
By the Numbers
- 0.5 — updates logged
- 2024 — regions covered
Timeline
Oct 31 — UK house prices increased by 0.5% in October, marking the lowest increase since January 2024....
Nov 1 — Nationwide Building Society noted the increase, with home prices rising at the least growth in two years as mo...
Reader Poll: Has this affected your local community? — 70% of Meteoriteman readers said yes.
This story has been closely followed by our readers since Oct 30. The Shipwell Stow Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Shipwell Stow Recruitment desk and last updated 15:08 UTC.
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