The Land Registry has reported the annual pace of house price inflation had fallen from 9.4% to 8.7% in the year to September. London, which has shown the strongest price growth, was down to just 1.3% in September, compared with 1.5% in August. Across England and Wales, the average price for a property rose by 0.4% to £183,896. Among different types of property, flats and maisonettes enjoyed the sharpest rise in prices, while semi-detached houses saw the slowest price growth, although the difference was fairly small. Howard Archer, chief UK economist at Global Insight, said: “The figures fit in with the story that the house market is cooling. I would expect to see the annual inflation rate come down further in the coming months.”
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