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UK house prices have risen at the fastest rate in two years as buyers expect the Bank of England to cut interest rates. According to Nationwide’s House Price Index, property values increased by 3.2% in the year to September, the fastest rate since November 2022.
Chief National Economist Robert Gardner said: “Income growth has continued to outpace house price growth in recent months, while borrowing costs have fallen slightly against expectations which the Bank of England will continue to lower interest rates over the coming quarters. These trends have helped improve affordability for potential buyers and have supported modest increases in housing activity and prices, although both remain moderate by historical standards.
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© Agenzia Nova – Reproduction reserved
