House price growth slowed in October, with valuations rising 0.1% month on month, according to an index by Nationwide. The annual growth rate was 2.4% last month, easing back from a two-year high of 3.2% in September, the building society said. The average UK house price in October was £265,738, according to the figures.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your business headlines for this morning.
00:09House price growth slowed in October, with valuations rising 0.1% month-on-month, according
00:18to an index by Nationwide.
00:21The annual growth rate was 2.4% last month, easing back from a two-year high of 3.2% in
00:27September, the Building Society said.
00:30The average UK house price in October was £265,738, according to the figures.
00:38Robert Gardner, Nationwide's chief economist, said housing market activity has remained
00:44relatively resilient in recent months, with a number of mortgage approvals approaching
00:49the levels seen pre-pandemic, despite the significantly higher interest rate environment.
00:55My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.