UK house price inflation picked up in September amid signs today that last month's interest rate rise had not cooled the property market.
Figures from the Nationwide Building Society show house prices increased by 1.3% in the month, following a rise of 0.8% in August. The annual rate of growth accelerated to 8.2%, the fastest rate since February.
The average house now costs £169,413 sterling, the lender said, up almost £13,000 on the figure seen a year earlier. This equates to an increase of more than £35 every day over the last 12 months.
The Bank of England put up interest rates to 4.75% in August, with the City forecasting another rise as early as November.
