By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
P9O Newsletter
Join Us!

Subscribe to our newsletter and never miss our investigative stories, breaking news, podcasts etc..

Zero spam, Unsubscribe at any time.
  • Home
  • Nigeria
  • Politics
  • Metro
  • World
  • Lifestlye
  • Football
  • 2023 Election
Reading: Nationwide: UK house prices stagnate for first time since mid-2021
Prime 9ja Online
Prime 9ja Online Prime 9ja Online
Aa
  • Africa
  • Business
  • Football
  • Metro
  • Nigeria
  • Opinion
  • Politics
  • Technology
Search
  • Categories
  • _Football
  • _Lifestyle
  • _World
  • _Metro
  • _Politics
  • _Nigeria
  • Pages
  • _About Us
  • _Contact Us
  • _Privacy Policy
Follow Us
World

Nationwide: UK house prices stagnate for first time since mid-2021

Nationwide, a mortgage provider, reported on Friday that British house prices did not increase in monthly terms for the first time since Jul...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief September 30, 2022
Updated September 30, 2022 at 8:46 AM
Share
Nationwide: UK house prices stagnate for first time since mid-2021
SHARE
Nationwide: UK house prices stagnate for first time since mid-2021
Nationwide, a mortgage provider, reported on Friday that British house prices did not increase in monthly terms for the first time since July 2021, the latest indication of the market's slump brought on by the squeeze on cost of living and rising interest rates.

According to Nationwide, house prices were stable from August and were 9.5% higher than in September of last year. This is the first month since October of last year that the annual measure has not seen a double-digit percentage growth.

Reuters polled economists, who predicted price increases of 0.3% per month and 10.0% annually.

After a coronavirus pandemic boom, the housing market in Britain has slowed down as soaring inflation impacts consumer budgets and the Bank of England hiked interest rates.

Robert Gardner, Nationwide’s chief economist, said the slowdown had been modest so far and a shortage of homes for sale meant price growth remained firm in annual terms.

“However, headwinds are growing stronger suggesting the market will slow further in the months ahead,” Gardner said. “High inflation is exerting significant pressure on household budgets with consumer confidence declining to all-time lows.”
Tags: World

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook WhatsApp TwitterEmail Print

You Might Also Like

Facebook Like
Twitter Follow
Pinterest Pin
Telegram Subscribe
Prime 9ja Online

Subscribe to our newsletter to receive our latest updates instantly on your email.

About

  • About Us
  • Privacy Policy
  • Terms
  • Disclaimer
  • Fact-Checking Policy
  • Code of Ethics
  • Corrections and Correctives
  • Editorial Integrity
  • Ethical Conduct
  • Funding

Connect

  • Contact Us
  • Advertise
  • Submit a Tip

© 2025 Prime 9ja Online Media - All Rights Reserved.

Follow Us