UK house price growth slows slightly in September

Nationwide, a mortgage lending company, announced that annual home prices in the United Kingdom rose 9.5% in September, compared with 10% in August.

According to Nationwide Economics, the September figure was the first single-digit growth since last October, but still a strong 9.5% gain.

On a seasonally adjusted basis, house prices in September were unchanged month-on-month from August.

There were further signs of a slowdown in the housing market last month. The number of mortgage approvals for home purchases remains below the pre-COVID-19 level, and the number of new homebuyers has also declined.

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