Assetz House Price Watch, which monitors the five major UK house price indices, shows an average of 9.9% annualised growth for the twelve months prior to September. This is a 1% decrease on the rate of growth from August (10.9%) and a 1.6% increase since September 2006. The average house price in September 2007 is £212,751, down from £213,954 in August. This shows a fall of £1,203 in the value of the average property in the last month.”While the annual rate of growth has slowed this month, and monthly house price growth has fallen for the first time since our index began, this fall was marginal, suggesting no immediate cause for alarm and I would anticipate a return to monthly house price growth to be reported in next month’s index,” said Stuart Law, chief executive of Assetz.
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