UK house price growth slows as buyers ‘sit on sidelines’ before budget

UK house price growth slows as buyers ‘sit on sidelines’ before budget

Amid talk of property taxes, average price of home rose by 0.3% in October to £272,226, Nationwide says

British house price growth slowed in October, according to lending data, with analysts suggesting that buyers are “sitting on the sidelines” before a budget that may bring new property taxes.

The average house price rose by 0.3% month on month in October, Nationwide said, down from 0.5% in September. The average price of a home was £272,226, up from £271,995 in September.

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