Average house price rises to £206,015 in September


House prices continued to edge upwards across the UK in September, but the pace of growth has softened, according to an index.

Across the UK, the average house price is now £206,015, following an increase of 0.3% month on month and 5.3% year on year, Nationwide Building Society reported.

This follows a monthly increase of 0.6% and an annual uplift of 5.6% seen in August.

Property values in Wales were the weakest-performing across the UK, with a 0.5% annual fall in prices taking the average property value there to £146,172.

In Scotland, values increased by 2% annually, pushing the average house price there to £143,275, while in Northern Ireland, values were up by 2.4% annually, taking the average price to £130,581.