House prices ‘continue to cool’










UK house price inflation is continuing to slow, according to the latest set of government figures.
Prices rose by 0.3% in September, the Department of Communities and Local Government (DCLG) said, 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.

Source: bbc.co.uk

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