House prices were unchanged from August and were 9.5% higher than in September last year, representing the first time the annual measure did not show a double-digit percentage gain since October of last year, Nationwide said.
Economists polled by Reuters had forecast monthly and annual price rises of 0.3% and 10.0% respectively. Britain’s housing market has cooled after a coronavirus pandemic boom as surging inflation hits consumers budgets and the Bank of England raised interest rates.
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