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2025-10-31 15:19:59
[UK House Prices Rise More Than Expected in October] ⑴ The UK National House Price Index rose 2.4% year-on-year in October, higher than the expected 2.3% and September's 2.2%. ⑵ Month-on-month, it rose 0.3%, better than the expected flat performance, but slower than the previous 0.5%. ⑶ The chief economist of the National Building Association pointed out that the data reflects overall stability in the housing market. ⑷ Despite weak consumer confidence, a weakening labor market, and mortgage rates doubling since pre-pandemic levels. ⑸ The housing market remains resilient, with house prices near historical highs. ⑹ If income growth continues to outpace house price increases, and future interest rate cuts by the central bank drive down borrowing costs, housing affordability is expected to gradually improve.
