House price growth still slowing

15th December 2017

House price growth in the UK slowed again in October, for the third month in a row, according to official figures. Property prices rose 4.5% in the year to October, down from 4.8% in September and 5.1% in August, while on a monthly basis prices fell 0.5% to £223,807. House price growth reached 7% in the East Midlands, 6.7% in the South West, while London suffered the lowest annual growth of any region, with average prices up just 2.1% in the year to October and falling 0.9% to £481,102 between September and October. Overall, Prices in England went up by 4.7% over the year, compared with 4.5% in Wales, 2.8% in Scotland and 6% Northern Ireland.

BBC News (12/12/2017)