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”.
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