Sluggish growth of 0. 5% in October comes as higher borrowing costs put break on market UK house prices grew by an annual rate of just 0. 5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buyers. The average price for a property in the UK stood at £273, 566 in October, flat on the previous month and down from 0.
8% in the year to September, according to the lender Nationwide. Continue reading...