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GB: Nationwide House Price Index
| Actual | Previous | Revised | |
| Month over Month | 0.0% | -0.2% | -0.3% |
| Year over Year | 0.5% | 0.8% |
Highlights
The UK housing market showed further signs of weakening in October 2026, reflecting subdued buyer demand, elevated borrowing costs and persistent economic uncertainty. Annual house price growth moderated from 0.8 percent in September to 0.5 percent in October, its slowest pace since January 2024, while seasonally adjusted monthly prices remained broadly unchanged.
The average house price declined from £274,251 to £273,566, reflecting continued softness in market activity. Rising energy prices, geopolitical tensions and renewed inflation concerns have strengthened expectations of further monetary tightening, maintaining upward pressure on mortgage rates and constraining housing affordability.
Meanwhile, weakening consumer confidence and subdued buyer enquiries suggest limited prospects for an immediate recovery. Nevertheless, resilient employment, improving real incomes and relatively healthy household balance sheets provide important support against a sharper market correction.
In summary, the housing market appears to be experiencing a period of price stagnation rather than a pronounced downturn. Looking ahead, a sustained recovery will depend on easing inflationary pressures, greater mortgage rate stability and stronger household confidence, although near-term risks remain tilted towards weaker housing demand.