While tight supply continues to support prices, growth is moderating as the market moves back to normality. Nationwide reported annual house price growth had eased back to 10% in September from 11% in August. Halifax, which had reported three months of declining price growth, recorded an increase in September, with average prices up 7.4% compared with 7.2% in August.
To understand the UK Residential market better, download the UK Residential Property Update report for October 2021.