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Back in the UK housing markets, annual price inflation slowed to its lowest rate in more than two and a half years.
The 0.1% year-on-year rise in prices is the slowest since November 2023, Lloyds’ house price report shows.
“More broadly, average house prices have remained relatively stable for almost two years, moving within a narrow range over that period and sitting just +0.5% higher than they were in November 2024.
That trend has persisted even as buyers and sellers have faced a more uncertain economic backdrop this year. “Affordability remains a challenge for many would -be buyers and, following recent events in the Middle East, mortgage rates have edged higher again after easing earlier in the summer".”
