Property News · November 1, 2017

UK house prices pick up but still under pressure, says Nationwide


Lender says shortage of homes on the market and low mortgage rates are offsetting squeeze on household incomesUK house price growth edged up to a three-month high in October, but pressure on household budgets is weighing on the market according to Nationwide.Annual growth in house prices picked up to 2.5% from 2.3% in September, as a shortage of homes on the market and low mortgage rates propped up prices, the lender said in its monthly report. Prices rose 0.2% over the month, taking the average price of a UK home in October to £211,085. Continue reading…

Source : theguardian.com
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