October's HPI

House prices continue to rise in October

  • UK house prices increased by 1% in October and were 5.8% higher than October 2012
  • House prices around 7% below 2007 peak

Headlines October 2013

September 2013

Monthly Index* 345.4 341.9
Monthly Change* 1.0% 0.9%
Annual Change 5.8% 5.0%
Average Price £173,678 £172,127

* 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:

"The UK housing market appears to be following the more resilient upward trend evident in the wider economy in recent quarters. House prices increased by 1% over the month in October, maintaining the momentum that has been building in the second half of 2013. After averaging less than 1% in the first half of the year, the annual pace of house price growth accelerated to 5.8% in October from 5% the previous month."

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