UK house prices rise at fastest pace in two years; D-day for Rightmove takeover – business live

Rolling coverage of the latest economic and financial newsNumber of UK estate agents going bust rises almost a third in one yearIf you look at property types, terrace houses have seen the biggest percentage rise in prices over the last 12 months, with average prices up 3.5%, Nationwide adds.Semi-detached and flats saw increases of 2.8% and 2.7% respectively, while detached houses saw more modest growth of 1.7%.“Northern Ireland remained the best performer by some margin, with prices up 8.6% compared with Q3 2023. Scotland saw a noticeable acceleration in annual growth to 4.3% (from 1.4% in Q2), while Wales saw a more modest 2.5% year-on-year rise (from 1.4% the previous quarter).“Across England overall, prices were up 1.9% compared with Q3 2023. Northern England (comprising North, North West, Yorkshire & The Humber, East Midlands and West Midlands), continued to outperform southern England, with prices up 3.1% year-on-year. The North West was the best performing English region, with prices up 5.0% year-on-year. Continue reading...