Nationwide Building Society House Price Index Sept 22

[Martin@AS Financial]

Key points:

Annual house price growth slows to single digits in September

• Modest slowing in annual UK house price growth to 9.5% in September, from 10% in August
• 10 of the UK’s 13 regions recorded slower annual price growth in the third quarter of the year
• South West was the strongest performing region once again, while London remained weakest

In fairness, nothing in this months report will come as much of a surprise. The mortgage market presently is still in a state of shock with little appetite to lend to new clients although things have calmed down a little bit since last week when high street banks were withdrawing altogether.

My feeling is that we will continue to see mortgage rates rise for the rest of the year although this is not necessarily unusual as we approach Christmas and banks put their interest rates up to stem the flow of business over the festive period.




Full report here

https://www.nationwidehousepriceinde...ko-5p3ee-aka9j