UK house prices stall as mortgage rates rise, Lloyds figures show
Summary
UK house prices did not grow in September, with Lloyds recording a 0% change on both a monthly and an annual basis and an average price of £298,441, as mortgage rates rise and the property market is warned of 'gathering dark clouds'. In London, house prices fell at a faster rate, down 2.2% to £531,548 in the year to September.
Latest: Lloyds recorded a 0% change in UK house prices in September, both monthly and annually, with an average price of £298,441, as mortgage rates rise.
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How it unfolded
Wednesday 7 October
Lloyds recorded a 0% change in UK house prices in September, both monthly and annually, with an average price of £298,441, as mortgage rates rise.
- 08:45Manchester Evening NewsWarning issued to anyone buying a home as ‘dark clouds’ gather over property market
- 03:56The GuardianUK house prices flatline as rising mortgage costs weigh on market
- 03:08The IndependentUK property market warned over 'gathering dark clouds' as house prices stall amid rising mortgage rates
- 02:45Evening Standard‘Gathering dark clouds’ for the property market with 0% growth for house prices
- 02:28City A.M.House prices fall faster in London as property market stays ‘subdued’