Annual house price growth slows to weakest since January 2024

Evening Standard · Holly Williams · 2026-10-30 10:15 UTC

Nationwide Building Society said property values grew by 0.5% in October, down from growth of 0.8% in September

The rate of annual house price growth has slowed to its weakest pace for nearly three years amid borrower caution because of rising mortgage costs, according to an index.

Nationwide Building Society said UK property values grew by 0.5% in October, down from 0.8% in September and the slowest growth since January 2024.

On a month-on-month basis, prices remained unchanged, against a downwardly-revised fall of 0.3% in September, with the average property across the UK standing at £273,566 in October.

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