UK house prices rose unexpectedly in October, index shows
by PA Media from World news | The Guardian on (#6G19B)
Nationwide records monthly increase of 0.9% but average property value down 3.3% year on year
UK house prices unexpectedly rose by 0.9% month on month in October, reflecting a constrained supply of properties for buyers to choose from, according to Nationwide's index.
However, the building society said the average property value was still down year on year - a 3.3% drop compared with the same month last year - falling to 259,423.
Continue reading...