Friday, 4 November 2016

House Price Growth At A Standstill In October

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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