House prices rise in October but market remains ‘extremely weak’

By Daniel Gayne2023-11-01T10:39:00

Mortgage affordability remains stretched, according to Nationwide

The value of UK homes increased 0.9% last month but prices were down year-on-year with the market still extremely weak, according to Nationwide.

October saw a 3.3% drop on prices in the same month last year, though this was a smaller fall than the 5.3% recorded in the September edition of building society’s House Price Index.

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