2 Oct

House prices see a small slip during September

House prices see a small slip during September

The price of houses in the UK saw another small fall in September as demand for property for sale in most areas was down thanks to the traditional end of summer slump.

According to a new report released by Nationwide, the price of an average house in the UK now costs £163,964. This represented a decline of 0.4 per cent when compared to August, following a one per cent rise the month prior.

A separate report also released by the bank has shown that prices in London are still remaining as resilient as ever, with the values now sitting at just two per cent below their peak levels before the crash in 2007.

Overall, Nationwide's chief economist, Robert Gardner, said: "Monthly price changes have
been impacted by a number of one-off factors this year, such as the ending of the stamp duty holiday that cannot be controlled by the usual process of seasonal adjustment."ADNFCR-1222-ID-801461785-ADNFCR

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