House price growth slows in September

September House Price Index

Breaking the trend after sixteen consecutive monthly rises, UK house prices declined by 0.2% in September. As a result, the annual price of house price growth moderated to 9.4% from 11% in August.

Robert Gardner, Nationwide’s Chief Economist, commented, “While September saw a slowing in house price growth, the picture on a quarterly basis (July, August and September combined) was still relatively strong, with all thirteen UK regions recording annual price gains. There remains significant regional variation however, with the South of England still seeing the strongest rates of growth.”

Headlines September 2014

August 2014

Monthly Index* 374.9 375.5
Monthly Change* -0.2% 0.8%
Annual Change 9.4% 11.0%
Average Price (not seasonally adjusted) £188,374 £189,306

*Seasonally adjusted figure (note that monthly % changes are revised when seasonal adjustment factors are re-estimated)

Please note that these figures relate only to the month of September, therefore will show a different UK average price and annual percentage change to our quarterly house price report.

Read the full report here