UK house prices fell for the first time in 15 months in October after the turmoil caused by the mini-budget announcement hurt the sentiment in the property market as rising borrowing cost worsen the stretched housing affordability, the Nationwide Building Society. House prices dropped 0.9 percent in October from the previous month, marking the first fall since July 2021 and the biggest since June 2020. Prices had remained flat in September. On a yearly basis, house price inflation eased more-than-expected to 7.2 percent from 9.5 percent in September. Powered by Commodity Insights
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