The UK Nationwide House Price Index rose 2.2% year-on-year in September 2025, compared with a 2.1% increase in August and above market expectations of 1.8%. On a monthly basis, prices grew 0.5%, beating forecasts of a 0.2% gain and rebounding from a 0.1% fall in the previous month. Nationwide’s Chief Economist Robert Gardner said the stability in house price growth in recent months reflects steady activity, with mortgage approvals averaging around 65,000 per month, close to pre-pandemic levels despite elevated interest rates. He added that conditions for home buyers remain supportive, underpinned by low unemployment, healthy earnings growth, strong household balance sheets, and the prospect of lower borrowing costs if the Bank of England eases policy in the coming quarters. Gardner expects housing market activity to strengthen gradually, provided the broader economic recovery is sustained.
Reprinted from tradingeconomics，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now