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UK September Nationwide house prices 0.0% vs -0.4% m/m expected
Prior -0.8%That's a better than expected reading but UK house price growth remains in the doldrums as higher rates continue to weigh. Nationwide notes that:“Housing market activity remains weak, with just 45,400 mortgages approved for house purchase in August, c.30% below the monthly average prevailing in 2019 before the pandemic struck. This relatively subdued picture is not surprising given the more challenging picture for housing affordability.“However, investors have marked down their expect...
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Posted: Oct 2 2023, 06:03
Author Name: forexlive
Views: 092016
