The Nationwide's House Price Index in the UK increased by 0.2 percent year-on-year in September 2019, the least since January, after a 0.6 percent rise in the previous month and below market consensus of 0.5 percent. House price growth remained below 1 percent for the tenth month in a row. "The underlying pace of housing market activity has remained broadly stable, with the number of mortgages approved for house purchase continuing within the fairly narrow range prevailing over the past two years. Healthy labour market conditions and low borrowing costs appear to be offsetting the drag from the uncertain economic outlook." Robert Gardner, Nationwide's Chief Economist, said. On a monthly basis, house prices fell 0.2 percent, defying market forecasts of a 0.1 percent gain. Nationwide Housing Prices in the United Kingdom averaged 258.04 Index Points from 1991 until 2019, reaching an all time high of 434.21 Index Points in July of 2019 and a record low of 98.95 Index Points in November of 1992.