Nationwide HPI October

According to The Nationwide House Price Index (HPI) house prices in October in England and Wales increased by 0.6%. Annual house price  growth  in October moved up to 3.9% .

Commenting on the figures, Robert Gardner, Nationwides Chief Economists, said

“UK house prices increased by 0.6% in October, with the annual pace of price growth edging up to 3.9% from 3.8% in September.

“Over the past five months annual price growth has remained in a fairly narrow range between 3% and 4%, broadly consistent with earnings growth over the longer term. While this bodes well for a sustainable increase in housing market activity, much will depend on whether building activity can keep pace with increasing demand”.

Full details visit: http://www.nationwide.co.uk/about/house-price-index/headlines

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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