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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Average UK house prices face slowdown despite hitting record high

for sale signs and houses
The average UK house price hit a new record high of £271,613, but there are ‘tentative signs of a slowdown’, Nationwide building society said. Photograph: Yui Mok/PA

Annual house price gains across the UK have slowed for a third month as the weakening economy, cost of living squeeze and rising interest rates started to have an impact on the property market.

The average UK house price hit a new record high of £271,613, but there are “tentative signs of a slowdown”, Nationwide building society said.

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