House prices edge up in September

The annual inflation rate has now declined for three consecutive months, from 3.9% in August and 6.6% in July. This is in line with Nationwide's expectations for the year, which the lender predicted would deliver a fairly flat performance from property values. Nationwide emphasised the pace of decline is not "significant" at this stage, particularly compared to the house price falls witnessed during 2008. The three month trend for property prices now stands at -0.9%, compared to -5.5% at its worst in 2008. However, the lender does describe the current housing market as offering a "sli...