UK House Price Growth Slows to Lowest Since January

British annual house price growth slowed to its weakest level since January 2024 in October. Rising market interest rates dampened buyer appetite and pushed costs higher.

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A drone view shows recently built residential housing on Vineyard Way in Purfleet, east London, Britain, October 14, 2026. REUTERS/Vitalii Yalahuzian

British annual house price growth in the United Kingdom slowed to 0.5% in October, marking its weakest pace since January 2024. The deceleration reflects mounting pressure from rising market interest rates that weighed heavily on buyer demand.