House prices flat in September as inflation soars

mortgage

Official figures show annual growth in value of homes now outpaced by spiralling inflation

UK house prices plateaued in September according to the first official figures covering the month, pushing the annual price growth for homes below the rate of inflation in the economy as whole.

Office for National Statistics figures for September showed that house prices were unchanged in September on August at an average £295,000, which equated to a 0.1% seasonally adjusted month-on-month rise.

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