House price growth picked up slightly in October according to Nationwide

November 1, 2017

The latest Nationwide House Price Index – October 2017 released today headlines ‘Slight pick up in annual house price growth in October.’

The report reveals that annual house price growth picks up to 2.5% which is up on previous month at 2.3%. Monthly change shows an increase of 0.2%, down from 0.4% in September.

Commenting on the figures,Robert Gardner, Nationwide’s Chief Economist, said: “The annual rate of house price growth picked up slightly in October to 2.5%, from a revised 2.3% in September.

“Nevertheless, annual house price growth remains within the 2-4% range that has prevailing since March. Low mortgage rates and healthy rates of employment growth are providing some support for demand, but this is being partly offset by pressure on household incomes, which appears to be weighing on confidence. The lack of homes on the market is providing support to house prices. more….

Read the Nationwide House Price Index report – October 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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