Related topic: House prices

UK annual house price growth softened to 0.5% in October, the slowest pace since January 2024.

Zoopla’s index tracks house prices across 119 postcode areas and prices are falling in 37.

ONS figures show the annual rate of house price inflation falling from 1.2% in July, with England recording particularly subdued growth.

A household on an average combined income of £53,500 can now afford a home listed at up to £301,000.

Near-term sales expectations have edged back into negative territory, while twelve-month expectations for both market activity and house prices are now broadly flat.

Prices were also unchanged annually compared with September last year.

First-time buyer homes now cost less than six times earnings.

Northern Ireland remains the best performing region, with prices up 5.9% year-on-year.

Homes for sale are up 5% year-on-year while sales agreed have fallen 9%, widening the gap between supply and demand.

Sellers still face a very crowded market, with the number of homes available to purchase at a 12-year high.