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.

You May Also Enjoy

Property for sale
Breaking News

Why Vacant Dwellings Should Be Converted Into HMOs

The Hidden Housing Fix: Thousands of Empty Homes Could Become HMOs New research from COHO, the HMO management platform, reveals that England’s stock of Houses in Multiple Occupation (HMOs) could grow by nearly 5,000 properties simply by repurposing a small portion of the country’s long-term vacant homes. According to the latest UK Government housing data (2024),…
Read More →
Cat Trees and Scratching Posts
Breaking News

New Rules on Pets and Discrimination: What Landlords Need to Know

By Allison Thompson, National Lettings Managing Director, LRG The Renters’ Rights Bill is set to introduce a wave of changes to the private rented sector, including new protections for tenants with pets, children, or those receiving benefits. These reforms aim to prevent blanket bans and create a more inclusive and transparent rental market. Landlords will…
Read More →
Seaside Properties UK
Estate Agent Talk

Majority of Agents Plan Summer Holiday

The latest research from eXp UK has found that the majority of UK estate agents intend to take annual leave this summer, despite it being traditionally one of the busiest times of the year in the property market. The survey of UK estate agents, commissioned by eXp UK, revealed that 32% of agents have already…
Read More →
Breaking News

Property sector benefits from additional £74M investment in the last year

New research has revealed that private investment in the UK property sector increased by £74.10 million last year – the fourth-highest surge of any UK sector. This comes as the UK Investment Association unveils new recommendations to unlock private market investment in UK businesses, potentially paving the way for future investment going forward. The business…
Read More →
Breaking News

Breaking Property News 10/07/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Faster, smarter conversations with students and partners at every touchpoint – rental UX for all UK rental services provider, Housing Hand, has partnered with pioneering tech startup VerbaFlo, the next-gen conversational AI platform for businesses, to unlock faster, smarter conversations with students and partners at every touchpoint.…
Read More →
Breaking News

London Rents Have Risen 39% in a Decade

London Rents Have Risen 39% in a Decade – But Just 0.7% When Adjusted for Inflation The latest research from London lettings and estate agent Benham and Reeves has found that while the average rent in London has climbed by 39.2% over the past decade, when adjusting for inflation, the real-terms increase is just 0.7%,…
Read More →