# UK house price growth slows to lowest since Jan 2024 - Business Recorder

> Nationwide reported UK annual house price growth of 0.5% in October, its weakest since January 2024, down from 0.8% in September. Prices were flat month on month. Nationwide's chief economist said geopolitical tensions and energy-driven inflation have pushed markets to expect Bank Rate increases, raising mortgage costs.

- Date: 2026-10-31 · published 2026-11-01T06:10:54.772Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/4271-uk-house-price-growth-slows-to-lowest-since-jan-2024-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher expected interest rates weigh on UK housing demand and consumer spending, with little direct effect on feed commodity prices. The data may add to pressure on sterling if the BoE tightens less than expected.

## Sources

- brecorder.com: https://www.brecorder.com/news/40446819

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.