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The Latest Breaking News from Robert Gardner

Fastest annual house price growth in around two years recorded in September

The average UK house price increased by 3.2% annually in September to reach 2% below all-time highs, Nationwide Building Society said.

The Independent UK

News Corp applauds Australia’s REA Group for abandoning attempted takeover of Rightmove – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

House prices rose at their fastest annual rate since 2022 in August says Nationwide

Prices still stand around 3% below the all-time highs seen just before Liz Truss’s mini-Budget

Evening Standard

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UK house prices rise at fastest rate in 18 months, Nationwide reports

Annual growth rate was 2.1% in July but building society says high mortgage rates still pose challenges

The Guardian - UK

Annual house price growth reaches fastest rate since December 2022

Nationwide Building Society said UK house prices rose 0.3% month-on-month in July.

The Independent UK

London house prices up 1.6% but first-time buyers struggle to afford high mortgage rates

Mortgage rates are still hovering around 5%, leaving buyers struggling to pass mortgage affordability checks

Evening Standard

Nationwide sees higher wages give a small Spring boost to property market

Prices rose at a higher annual rate of 1.3% in May says lender

Evening Standard

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UK house prices now sit 4 per cent below all-time high as first-time buyers struggle to get on the ladder

The building society said the typical property value fell for the second month in a row in April.

Evening Standard

UK and US manufacturing sectors shrink as new orders fall and prices rise – as it happened

The UK’s manufacturing sector suffered a fresh downturn last month as disruption to shipments in the Red Sea hit firms

The Guardian - UK

Average London house prices spring up 1.2% in March, reports Nationwide

The average price for a house in the capital is currently £519,505

Evening Standard

House prices rise for first time in over a year says Nationwide

Improved affordability of mortgages helps, but rates on mortgages are creeping higher into the Budget next week

Evening Standard

UK interest rate cut ‘remains some way off’ says Bank of England chief economist – as it happened

Huw Pill needs to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed

The Guardian - UK

UK house prices rise at strongest rate in a year

Though rapid rebound is unlikely, outlook for property market ‘is a little more positive’, says Nationwide

The Guardian - UK

Squeeze on home buyers’ budgets set to continue into 2024, say experts

But potential cuts to interest rates, as well as lower house prices in some locations, could provide house hunters with new opportunities.

The Independent UK

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The Independent UK

House prices end year 1.8% lower as East Anglia faced biggest drop in UK

Average house prices in England down 2.9 per cent on last year

Evening Standard

House prices fell 1.8% in 2023 but were unchanged in December, Nationwide says

Prices have been falling as borrowing costs rose

The Guardian - UK

UK house prices fall by 1.8% during year amid higher mortgage costs

Property market weak, says Nationwide, which expects prices to remain flat or drop slightly in 2024

The Independent UK

UK house prices inch higher but ‘rapid rebound’ in property market unlikely

House prices inched up by 0.2% last month, compared with October, Nationwide revealed in its monthly House Price Index.

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The Guardian - UK

UK house prices rise for third month; factory downturn eases – as it happened

Nationwide reports house prices only fell 2% in year to November, and rose during the month, as mortgage rates fall

The Independent UK

UK house prices increased by 0.9% month-on-month in October, says Nationwide

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

The Guardian - UK

Tata Steel reports loss after delaying jobs cuts announcement at last minute – as it happened

An expected announcement on the future of the country’s biggest steel plant has been delayed, after reports that thousands of jobs could be lost

Evening Standard

London house prices fall over £20k on average as mortgage rates bite but full crash ‘unlikely’ say experts

House prices have fallen 3.8 per cent since interest rate hikes began, but demand for homes still outweighs supply

The Guardian - UK

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

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

The Independent UK

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Guardian - UK

Sharon White stepping down from John Lewis; UK house prices fall at fastest rate since 2009 – as it happened

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

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