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9/30/2022, 8:02 AM (Source: TeleTrader)
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Annual UK house price growth at 9.5% in Sept.

House prices in the United Kingdom rose by 9.5% year-on-year in September, according to the Nationwide House Price Index report released on Friday. On a monthly basis, the index was unchanged.

The average house price in the country in September stood at £272,259, slightly down from £273,751 registered in the prior month.

"[H]eadwinds are growing stronger suggesting the market will slow further in the months ahead. High inflation is exerting significant pressure on household budgets with consumer confidence declining to all-time lows," Nationwide Chief Economist Robert Gardner wrote in the report.

Baha Breaking News (BBN) / MS