House prices 'continue to cool'

There is increasing evidence that the property market is slowing.
UK house price inflation is continuing to slow, according to the latest set of government figures.

Prices rose by 0.3% in September, the Department of Communities and Local Government (DCLG) said, compared with rises of 0.5% in August and 2% in July.

The annual rate of house price inflation also fell to 10.8%, down from 11.3% in August.

The figures are based on actual completions and so lag behind other house price surveys.

DCLG calculated that the average price of a home in the UK is now £220,111.