UK house price growth slows for a fourth straight month as London values fall 2.2% in a year
Average UK private rents hit £1,406 in September, £52 more than a year earlier, as house-price growth slowed to 0.9% annually, with London values down 2.2%.
Across the UK, annual growth sank to 0.9% in August from 1.2% in July, leaving the average home at £273,000. Renters got no relief, with the average private rent hitting £1,406 in September, £52 more than a year earlier. CPI inflation also rose to 3.5%, its highest level since October last year.
L&C Mortgages' David Hollingworth said inflation will 'cement expectation' of a November rate rise.
Six of nine English regions saw annual price growth slow in August.
Northern Ireland bucked the trend, with prices up 9.2% to £202,000.
