House price growth slows in September

Figures from Nationwide show that house price growth has slowed for the first time since July 2021. Prices rose by 9.5% in September, marking a slowdown on the 10% increase seen in August. House prices averaged £272,259 in September, which, after taking into account seasonal effects, was virtually unchanged from August. Ten of the UK's 13 regions recorded slower annual price growth in the third quarter. The only regions to show an increase in annual house prices in September were the East Midlands, West Midlands and London. South-west England was the best performer, with the average house price up 12.5%. However, the rate of growth had slowed from 14.5% in the second quarter. London remained the weakest region with growth of 6.7% in the third quarter, up from 6% growth the previous quarter. Robert Gardner, Nationwide's chief economist, called the slowdown "modest", with a house shortage still meaning "firm" growth.  

Daily Express (30/09/2022)   Evening Standard (30/09/2022)   The Guardian (30/09/2022)   The Times (30/09/2022)