Nationwide records monthly increase of 0.9% but average property value down 3.3% year on year
UK house prices unexpectedly rose by 0.9% month on month in October, reflecting a constrained supply of properties for buyers to choose from, according to Nationwide’s index.
However, the building society said the average property value was still down year on year – a 3.3% drop compared with the same month last year – falling to £259,423.
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