Annual rate of UK house price growth halved in September, says Nationwide

Nationwide reports that the annual rate of UK house price growth halved in September. This slowdown occurred across most regions over the last three months, with year-on-year price drops recorded in East Anglia, the East Midlands, South West England, and the Outer Metropolitan area outside London. The building society attributed this trend to rising mortgage rates and heightened inflation concerns stemming from the conflict in the Middle East, impacting the broader economic and financial landscape.