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October house prices up 1.8 per cent – ODPM

The Office of the Deputy Prime Minister&#39s house price index for October shows that the average house price in the UK was £161,365 up from £158,576 in September, a 1.8 per cent rise.

The figures are significantly greater than Nationwide&#39s October index which said the average house cost £131,947, an increase of 2.0 per cent.

The ODPM index also says that annual house price inflation was 12.1 per cent in October up from 11.0 per cent in September.

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