House Prices Rose in September

October 5, 2009subedar1 No Comments »

The Nationwide’s house prices survey reveals that property prices rose for the fifth month in a row in September.

In the last three months, prices are up 3.8% but house prices remain 13.5% lower than their peak in October 2007. The average price of a home in the UK now back to the same level as a year ago, at £161,816.

Also figures for mortgage approvals for house purchase suggest sales activity should increase in the coming months.

House prices are rising due to a combination of low supply and more positive newsfrom lenders so anyone wishing to sell in the near future it appears that now is the best time to do so

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