UK house prices up just 0.5% – weakest annual growth since 2024
According to the Nationwide index, the average home cost £273,566 in October. Annual growth was the weakest since January 2024, and prices are about 1.9% below April's peak.
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The UK housing market continues to cool. According to the Nationwide building society's house price index published on Oct. 30, 2026, prices in October were 0.5% higher than a year earlier, the weakest growth since January 2024. In September growth had been somewhat stronger. Month on month, seasonally adjusted prices were virtually unchanged.
The average home cost £273,566 (not seasonally adjusted). That is around £5,300, or 1.9%, below April's peak of £278,880. Nationwide chief economist Robert Gardner said market activity and house price growth had slowed in recent months, partly reflecting the uncertain economic backdrop. According to him, the Middle East conflict is pushing up energy prices and fanning inflation concerns.
Ashley Webb, an economist at Capital Economics, expects prices to keep falling in the coming months. According to Yahoo Finance, the Bank of England is expected to raise Bank Rate from 3.75% to 4% next week – the first increase in three years.
This article is for information only and is not legal, tax, financial or medical advice. Figures as of the date stated.