October house prices have increased by 1.3% to reverse falls seen in the previous two months, with the average house now costing £157,107, according to the latest Nationwide report.
Figures show the annual rate of growth now stands at 3.3%, up almost 2% from last month, but the report shows the rate remains subdued in comparison to this time last year when house price inflation was running at over 15%. The research reveals house prices in the three months to October have increased by 0.2%, which remains in line with the gently slowing trend seen throughout the year so far, and is a bounce back from the 0% increase in the quarter ending in September. Although recent indicators have suggested there has been increased interest in the market, including a rise in the numb...
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