- UK house prices increased by 0.9% in September and were 5% higher than September 2012
- The typical UK home is now worth £172,127
- Southern regions of England, especially London, continued to record strongest rates of house price growth
* Seasonally adjusted figure (Note that monthly % changes are revised when seasonal adjustment factors are re-estimated)
Commenting on the figures Robert Gardner, Nationwide's Chief Economist said:
"UK house price growth accelerated in September, rising by 0.9% over the month. As a result, the annual rate of house price growth rose to 5%, the strongest pace since July 2010. There are also signs that the pickup is becoming increasingly broad-based. For the first time since 2007, all thirteen UK regions experienced annual house price growth in the third quarter of 2013. However, the southern regions of England continued to see the strongest rates of growth – especially London, where the annual rate of growth reached double digits in the three months to September."
For further information and a regional breakdown please download the full report by clicking the link below: