UK Sept. House Prices Increase For Fifth Straight Month - Nationwide

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The UK house prices increased for the fifth consecutive month in September, the Nationwide building society said on Friday.

House prices rose a seasonally adjusted 0.9% month-on-month in September, slower than the 1.4% growth in the previous month, revised from 1.6% increase reported initially. Economists expected an increase of 0.7%.

On an annual basis, house prices remained unchanged in September, compared to the 2.7% fall in August. Economists were looking for a decline of 0.3%. The average price of a typical UK property stood at GBP 161,816, up from GBP 160.224 in August.

For the first nine months of the year, house prices climbed 4.1% compared to the same period of the previous year.

The UK house prices increased for the fifth consecutive month in September, the Nationwide building society said on Friday. (Market News Provided by RTTNews)