UK house prices hit highest annual growth since 2022
by Jack Simpson and Richard Partington from on (#6R4X4)
Nationwide says yearly rise in house prices increased by 3.2% in September putting the average home at 266,094
UK house prices are growing at their fastest annual rate for nearly two years as borrowing costs continue to fall on expectations that the Bank of England will keep cutting interest rates, Nationwide has said.
The building society said prices grew by 3.2% in September compared with the same month last year, well above the 2.4% annual growth recorded in August, and the fastest pace since the 4.4% recorded in November 2022.
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