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The Guardian - UK

Business

Jasper Jolly

UK house prices drop 5.3% with falls in every region, says Nationwide

Nationwide United Kingdom Robert Gardner Interest Rates Housing Market

signs for let and for sale — The price of an average home was £257,808 in September, nearly £14,500 lower than a year earlier, Nationwide said, Photograph: Jill Mead/The Guardian

UK house prices fell by 5.3% in the year to September, with drops in price in every region of the country as rising interest rates squeeze the market.

The house price index by Nationwide, the biggest British building society, showed that seasonally adjusted prices stalled over the month in September, after a 0.8% drop in August.

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