UK house prices flat in September
British house prices showed no monthly or annual change in September according to Lloyds data. Higher mortgage rates weighed on the market as quarterly prices dipped slightly.
Insights:
United Kingdom house prices were flat in September following an annual fall in August, data from Lloyds showed on Wednesday. The reading came in weaker than the 0.1% monthly rise and 0.2% annual increase forecast by economists polled by Reuters. Higher borrowing costs continue to weigh on the housing market as prospective buyers balance caution against underlying demand.
