SHARP SLOWDOWN RECORDED IN HOUSE PRICE GROWTH – YOUR MORTGAGE
Average UK property prices are up by £26K over the last year, but the pace of growth has slowed.
Average UK house prices rose 9.5% in the year to September, according to the UK House Price Index, published by the Office for National Statistics (ONS).
This is down significantly from 13.1% in August 2022 and 15.2% in the year to July.
The ONS said house prices were static between August and September 2022 at £295,000.
But this is still £26,000 higher than a year earlier.
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