THE GUARDIAN · 2026-10-30 07:20 UTC

UK house price growth fizzling out; crypto industry rocked by $6.3bn Binance hack – business live

UK annual house price growth slowed to 0.5% in October, the slowest pace since January 2024, down from 0.8% in September, as rising mortgage rates to nearly 6% dampened buyer demand. Nationwide's chief economist Robert Gardner cited uncertain economic backdrop, geopolitical tensions, and inflation concerns maintaining upward pressure on mortgage pricing. Forward-looking indicators suggest further softness ahead, with surveyors reporting weak new buyer enquiries and consumer sentiment declining in October.

Loading the story on Tree News…