UK house prices fall 0.6% in October amid rising mortgage rates

UK house prices fall 0.6% in October amid rising mortgage rates

UK house prices fell 0. 6% in October, the steepest monthly decline since August 2023, as data released on 5 November showed average values of £296,285. The drop reflected pressure from high mortgage rates and rising inflation.

The fall followed the Bank of England’s base-rate increase announced on 6 November, which lifted monthly payments for tracker and standard-variable-rate mortgage borrowers while giving modest gains to savers with easy-access accounts. Earlier in the month, analysts at Savills warned that higher mortgage rates linked to the Middle-East conflict would keep prices falling through 2027, and the Guardian reported that more than 2. 3 million households were expected to see mortgage payments rise as fixed-rate deals expired.

Acteurs

Bank of England Andrew Bailey UK Finance Office for Budget Responsibility Ofgem EDF John Healey Office for National Statistics

Lieux

London, United Kingdom Strait of Hormuz Middle East

Articles

6 novembre 2026
1 au total
UK house prices fall at steepest rate in more than three years
UK house prices fall at steepest rate in more than three years

The Guardian • 06 nov. 08h07

Average UK home values fell 0.6% in October to £296,285, the sharpest monthly drop since August 2023, as high mortgage rates and rising inflation weigh on demand.

Crédibilité 82% Manip. 8% Centre
5 novembre 2026
1 au total
What does the UK interest rate rise mean for homeowners and savers?
What does the UK interest rate rise mean for homeowners and savers?

The Guardian • 05 nov. 15h42

The Bank of England's latest interest-rate increase will lift monthly payments for tracker and standard-variable-rate mortgage holders, while savers with easy-access accounts may see slightly higher returns.

Crédibilité 88% Manip. 8% Centre
4 novembre 2026
2 au total
House prices to keep falling until 2028
House prices to keep falling until 2028

The Telegraph • 04 nov. 07h00

Savills forecasts a decline in UK house prices until the second half of 2028, driven by higher mortgage rates linked to the Iran conflict, with a modest rebound expected thereafter.

Crédibilité 78% Manip. 12% Centre
Britain’s housing market unlikely to recover until 2028, says Savills
Britain’s housing market unlikely to recover until 2028, says Savills

The Guardian • 04 nov. 05h00

Savills forecasts a continued decline in UK house prices through 2027, with a recovery expected from the second half of 2028, citing higher mortgage rates linked to the Middle East conflict.

Crédibilité 82% Manip. 8% Centre
2 novembre 2026
1 au total
Millions in UK brace to remortgage on worse deals as rate rise looms
Millions in UK brace to remortgage on worse deals as rate rise looms

The Guardian • 02 nov. 06h00

More than 2.3 million UK households are expected to see mortgage payments rise when fixed-rate deals end, amid an anticipated increase in the Bank of England’s base rate and higher energy costs.

Crédibilité 88% Manip. 12% Centre