26 Oct

UK house prices decrease in September

UK house prices decrease in September

The price of homes in the UK has fallen yet again in September, as rental prices continue to dominate a market where demand allows landlords to thrive.

According to the latest figures released by the Land Registry, the price of a home in the UK fell by 0.3 per cent across September.

This comes after LSL Property Services revealed a rise in rental prices for tenants in the same month to an all time high of £741 per month, because demand has driven up the cost. However, this in turn has forced the price of houses with estate agents for sale to drop throughout the same period.

The best monthly rise was seen in Wales, where prices leapt up by around 0.5 per cent on average. However, in the 12 months to September, it was London that saw the best figures, with the cost of a median home sitting at 5.5 per cent higher than in the same month in 2011.ADNFCR-1222-ID-801477184-ADNFCR

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