Economic Buzz: UK annual house price growth up to 0.5% in October

The prices of houses in the United Kingdom advanced by 0.5% on an annual basis in October, according to the Nationwide House Price Index released on Friday. The figure marks a decline from September, when annual house price growth stood at 0.8%.

On a monthly basis, the index remained unchanged on a seasonally adjusted basis, while the average house price in the country in October stood at ?273,566 in the reported month, decreasing slightly from ?274,251 in September.

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