House price growth came to a standstill in October,
suggesting the housing market may have gone off the boil, and fuelling concerns
that developers may be less willing to build much-needed homes. The latest figures
from Nationwide, the UK’s largest building society, showed that after 15
successive months of increase, prices did not move during the month, once
seasonal factors were taken into account.
Without seasonal adjustments, the average price of a UK home dropped by
£111 to £205,904. The annual rate of price growth dropped to 4.6% – its lowest
level since January. Read more on the
Guardian website.
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