Annual house price growth slows to single digits in September
Nationwide Building Society have shared their latest report in house prices.
The headlines:
Modest slowing in annual UK house price growth to 9.5% in September, from 10% in August.
10 of the UK's 13 regions recorded slower annual price growth in the third quarter of the year
South West was the strongest performing region once again, while London remained weakest.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said:
"In September, annual house price growth slowed to single digits for the first time since October last year although, at 9.5%, the pace of increase remained robust. Prices were unchanged over the month from August, after taking account of seasonal effects. This is the first month not to record a sequential rise since July 2021."
