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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

UK house price growth slows as buyers show caution before budget

United Kingdom Halifax Rachel Reeves
Hot air balloon over multi coloured terrace houses
There is some evidence that buyers are holding back before Rachel Reeves’s budget on 26 November. Photograph: James Osmond Photography/Alamy

UK house prices rose by a slower-than-expected 1.3% in the year to September, according to Halifax, the weakest annual figure since April 2024.

The reading confounded a Reuters poll of economists that forecast it would pick up to 2.2% from August’s 2% rate, suggesting caution in the market in the run-up to the autumn budget.

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