Overview

• Nationwide reported a 0.5% monthly rise in September and 2.2% annual growth, putting the average UK home at £271,995.
• London prices were largely flat over the summer, up 0.6% year on year to £527,694, with the Outer South East at just 0.3% growth.
• Northern regions continued to lead, with Northern Ireland up 9.6% annually and northern England advancing about five times faster than the south in Q3.
• House type performance diverged as semi‑detached homes rose 3.4% year on year and flats slipped 0.3%, extending a multi‑year underperformance for apartments.
• Agents report buyers delaying decisions ahead of the November Budget and negotiating harder, while easing mortgage rates near the mid‑5% range offer support but keep affordability tight.