UK house price growth slows to two year low in October
British house price growth slowed to an annual rate of 0.5 percent in October as elevated mortgage rates deterred buyers.
FTMQ News, written by our newsroom0 views
United Kingdom house prices grew by an annual rate of 0.5 percent in October 2026, marking the slowest pace of growth in more than two years, the Guardian reported. The average cost of a property in the UK remained flat compared to the previous month at £273,566. [1]
According to the Guardian, citing data from lender Nationwide, annual house price growth fell from 0.8 percent in the year to September 2026. Higher borrowing costs have placed a brake on the property market and put off potential buyers. [1]
The slowdown comes as home buyers contend with elevated mortgage rates. The Guardian reported that the average cost of a five year fixed rate mortgage reached 6 percent this month for the first time in three years, settling at 5.99 percent on Thursday. [1]
In short
- UK house price growth fell to an annual rate of 0.5 percent in October 2026.
- The average property price in the UK stood at £273,566 in October 2026.
- Average five-year fixed-rate mortgages reached 6 percent for the first time in three years.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]UK house prices grow at slowest pace in two years as mortgage rates riseThe Guardian, 1h ago (the report this story comes from)
Background
- [2]Housing agencies warn of rising homelessness among older renters FTMQ News, 3d ago
- [3]Global oil prices fall over six percent as Iran diplomatic efforts gather pace FTMQ News, 3d ago
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ News
Earlier reports of ours on the same people and subjects.
- Australia annual inflation rate rises to 4.3 percent in SeptemberTop Stories, 2d ago
- UK government plans income limits for new first-time buyer schemeTop Stories, 6d ago
- German business confidence rises in October as manufacturing improvesTop Stories, 3d ago
- Irish grocery price inflation increased to 4 point 69 percent in OctoberKillarney Ireland, 10d ago
- UK consumer confidence drops at fastest rate since Brexit voteTop Stories, 7d ago
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