4 Oct

House prices rise in September, report says

House prices rise in September, report says

The value of houses for sale in the UK rose between August and September 2010, a report has shown.

According to findings released by Nationwide, there was a growth in house prices over the late summer months.

Between August and September, the value of properties across the UK rose by 0.1 per cent.

This takes the average value of a house for sale in Britain from £166,507 in August to £166,757 one month later.

Commenting on what impact this has on the housing market, Nationwide's chief economist Martin Gahbauer said: "Where house prices go next will depend on whether the strong flow of new property onto the market continues into the autumn."

He added that it also relies on how much sellers are "willing to compromise on their asking price in order to make a quicker sale".

Last week, the Land Registry's House Price Index revealed that the value of properties for sale in the UK increased by 0.3 per cent between July and August.ADNFCR-1222-ID-800097088-ADNFCR

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