UK October Nationwide house prices +0.9% vs -0.4% m/m expected

  • Latest data released by Nationwide Homebuilding Society - 1 November 2023
  • Prior 0.0%

That's a surprise jump in UK house prices in October but as interest rates continue to stay high, this is likely just a blip in the recent trend. Overall housing market activity is still relatively weak as evident by mortgage approvals data, so that is more telling I would say.

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