House prices show annual rise in September
House prices across the UK rose in September compared to one year
ago, as conditions for lending start to improve across the
Throughout the past few months, lenders have begun to lower rates
and deposit requirements to bring more people into the market for
houses, and now prices have started to edge upwards.
Although the cost of a house in September was reported as being
lower by 0.2 per cent than in August, the Office for national
Statistics (ONS) reports that they were still 1.7 per cent higher
than they were in the same month a year ago.
Once again, prices were largely boosted by London's strong market,
where there were rises in price of 5.2 per cent over the year to
However, Northern Ireland fared less well, with drops in final sale
values now amounting to 10.1 per cent, making it the only UK
country to experience falls.