House prices in the UK rose in September

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House prices in the UK rose slightly in September, Bloomberg reported. The increase compared with the previous month was 0.3%. In August, there was a decrease in the cost of homes by 0.5%. In annual terms, prices in August rose by 2%. According to official data, housing in London has become cheaper for 5 quarters in a row. In the third quarter, the decline was 0.7%. The uncertainty over the upcoming withdrawal of the country from the EU continues to affect the British housing market. The weakening also continues amid rising interest rates by the Bank of England to its highest level since August 2009. Nationwide experts expect a further downturn in the UK housing market amid slowing economic activity.

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