UK House Price Growth Slows as Mortgage Costs Rise
The average UK house price stood at £273,566 in October as price growth slowed, Nationwide reported.
Mortgage costs are higher. This puts pressure on the housing market.
Some buyers are waiting. Loans now cost more.
Robert Gardner works for Nationwide. He expects more weakness.
He saw few new buyer questions. He also saw low trust from shoppers.
Tom Bill works for Knight Frank. He said higher mortgage costs were stronger than Budget help.
He said the market could improve a little soon. This could happen if there are no big shocks.
Section: Business
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