House prices rose at their fastest rate in more than six years amid further signs of a ‘burgeoning recovery' spreading across the country the latest house price index has found.
Prices increased by 0.5% in September, marking the highest monthly increase seen since May 2007, property analysts Hometrack said, according to the Daily Mail. More than two-fifths (41%) of property markets registered higher prices across England and Wales in September, showing the broadest upturn in prices seen since February 2007. That compared to just 6% a year ago. Nationwide said house prices have risen by 5% nationally in the last year and that house prices across all 13 regions of the UK rose in September, the first time they have done so since the start of the financial cri...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes