Overview

• The average UK house price in September was £266,094, a 0.7% increase from August.
• Terraced homes led the price surge, with a 3.5% annual increase, followed by semi-detached homes and flats.
• Rising incomes and lower borrowing costs have improved affordability for buyers.
• The Bank of England's interest rate cut in August contributed to the increase in buyer demand.
• Despite the growth, housing market activity and prices remain subdued compared to historical standards.