UK Home Price Rise Most Since February, Nationwide Says
- Mortage lender’s gauge shows market bounced back in September
- Mortgage approvals rise to highest level since September 2022
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UK house prices returned to growth in September, according to one of the country’s top mortgage lenders, indicating the Bank of England’s first interest-rate cut is bringing back buyers into the market.
Nationwide Building Society said its gauge of home prices increased 0.7% in September, following a surprise fall last month. Economists surveyed by Bloomberg had expected growth of 0.2%.