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UK house price growth halves amid rising mortgage interest rates

The Guardian Business Thursday 01 October 2026, 06:59 UTC By Kalyeena Makortoff Banking correspondent 1 min read
Key Points

Prices fell by 0.2% month on month in September as average price of a home slipped to £274,251, says NationwideBusiness live – latest updatesAnnual house price growth halved in the UK last month, as economic uncertainty sparked by conflict in the Middle East continued to deter homebuyers. The average price of a British home rose 0.8% in the year to September to £274,251, according to Nationwide. That was half the rate recorded in August, when house prices grew 1.6% year on year.

Prices fell by 0.2% month on month in September as average price of a home slipped to £274,251, says Nationwide

Annual house price growth halved in the UK last month, as economic uncertainty sparked by conflict in the Middle East continued to deter homebuyers.

The average price of a British home rose 0.8% in the year to September to £274,251, according to Nationwide. That was half the rate recorded in August, when house prices grew 1.6% year on year. It also marked the slowest pace of home price growth since December last year.

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UK (LOCATION) NationwideBusiness (ORG) house (ORG) the Middle East (LOCATION) British (ORG) Nationwide (ORG)
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