House prices 'cooling, not falling'

However, the index reveals wide regional differences, with areas such as London, the South and Northern Ireland continuing to see high levels of price growth, while other areas are well below the UK average. The index reveals the mix-adjusted average UK house price grew from £219,369 in August 2007 to £220,111 in September, a change of just 0.3%. Annualised house price inflation was 10.8% across the UK in September, down from 11.3% in August. CLG says much of the rise in prices between August and September is a result of rising prices among detached and semi-detached houses and partic...