House price growth is continuing to show signs of slowing
down, according to the UK's second biggest mortgage lender. Nationwide said
house price inflation slowed to 9.0% in October on an annual basis, down from
9.4% in September. Indicators suggest the market has "lost momentum",
it said. The trend may continue in the near term, especially in London,
Nationwide added. Monthly house prices rose by 0.5% in October, taking the
average house price up to £189,333. Read more on the Nationwide website.
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