UK House Prices Grow at Slowest Pace in Over Two Years

• UK house prices grew by an annual rate of 0.5% in October, the slowest pace in over two years.
• The average price for a property in the UK stood at £273,566 in October, unchanged from the previous month.
• Rising mortgage rates have put off potential buyers, according to Nationwide.
• UK house prices failed to grow in October, according to one of the country’s largest mortgage lenders.
• The growth rate was down from 0.8% in the year to September.