House Price Inflation Slows
The latest figures from the the Department of Communities and Local Government (DCLG) shows house price inflation continuing to slow.According to the DCLG, prices rose by 0.3% in September, compared with rises of 0.5% in August and 2% in July.
The annual rate of house price inflation also fell to 10.8%, down from 11.3% in August.
The figures are based on actual completions and so lag behind other house price surveys.
DCLG calculated that the average price of a home in the UK is now £220,111.
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