The latest regional report shows that all UK regions saw annual house price rises in Q3 2014. London remains the strongest performing region with prices up 21% year-on-year, whilst the north was the weakest performing region, with prices up 4.3% compared to Q3 2013.
Robert Gardner, Nationwide’s Chief Economist, commented, “The price of a typical UK house rose by 1.5% in the third quarter, after allowing for seasonal effects. Prices were up 10.5% compared with the same quarter of 2013.”
|UK Fact File|
|Average UK House Price||£188,810|
|Annual percentage change||10.5%|
|Most expensive region||London|
|Least expensive region||N Ireland|
|Strongest annual price change||London|
|Weakest annual price change||North|
*Seasonally adjusted figure (Note that monthly % changes are revised when seasonal adjustment factors are re-estimated)
Please note that these figures are for the three months to September, therefore will show a different UK average price and annual price and annual percentage change to our monthly house price report.
Read the full report here