UK House Prices Stall as Mortgage Costs Bite, Nationwide Says

Summary

UK house prices failed to grow in October, according to Nationwide, one of the country's largest mortgage lenders, as surging mortgage costs squeezed prospective buyers. Nationwide put the average UK property price at £273,566 in October, flat on the previous month, and said annual house price growth slowed to 0.5% from 0.8% in the year to September. That is the slowest pace in more than two years, and the Financial Times describes it as the weakest since 2024, with rising mortgage rates continuing to hit demand in the third quarter.

Timeline

1. Bloomberg

   30 Oct 2026, 07:08 UTCSource ↗

   Bloomberg reports that UK house prices failed to grow in October, according to Nationwide, as surging mortgage costs squeezed prospective buyers.

2. Financial Times

   30 Oct 2026, 08:50 UTCSource ↗

   The Financial Times reports that UK house price growth slowed to its weakest since 2024, with lender Nationwide saying rising mortgage rates continued to hit demand in the third quarter.

3. The Guardian

   30 Oct 2026, 09:05 UTCSource ↗

   The Guardian reports that UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, with the average price at £273,566, flat on the previous month, according to Nationwide.