House prices went UP in October, says Nationwide
House prices defied expectations by rising 0.9 per cent last month, according to Nationwide, albeit prices remain 3.3 per cent down year-on-year.
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House prices defied expectations by rising 0.9 per cent last month, according to Nationwide, albeit prices remain 3.3 per cent down year-on-year.
Nationwide says affordability challenges are continuing to hamper activity but there are reasons to believe the worst could be over.
THE average house price in Northern Inland fell by 1.8 per cent to £180,668 in the third quarter of 2023, according to Nationwide Building Society.
The typical home increased in value by just £2,000 in year to July, as the impact of higher interest rates continues to filter through.
August saw the fastest fall in house prices for 14 years, with the average property now worth almost £15,000 less than 12 months ago. According to Nationwide’s latest housing price index (HPI), published today, prices fell 0.8% month on month in August and are now 5.3% below August their 2022 peak. The building