UK house prices rise at slowest pace in 5 years | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Dudu Myeni

    The former SAA chair has been declared a delinquent director for her role at the national airline.

  • Cigarette Ban

    Govt says emerging research shows smoking leads to more severe cases of Covid-19.


UK house prices rise at slowest pace in 5 years

Nov 07 2018 12:30
David Goodman, Bloomberg

UK house prices are increasing at the slowest annual pace in five years, according to mortgage lender Halifax.

Prices gained 1.5% in the three months through October, the lowest rate since March 2013, Halifax said on Wednesday. On the month, prices gained 0.7%, just below the 0.8% expected by economists.

The report follows similar data from Nationwide last week that showed annual house-price growth dropped below 2% for the first time in five years.

The market is struggling, particularly in London, after decades of booming values left affordability stretched, and as Brexit adds uncertainty about the economic outlook.

The average UK home price is now £227 869, Halifax said.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

uk  |  housing  |  economy


Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote