Mubasher: House prices in the UK last September rose year-on-year to a higher pace than analysts had expected.
Household prices in the United Kingdom rose 3.5% in September from 3.1% in August, according to figures released by the British government on Wednesday.
Analysts estimate that house prices in the United Kingdom will grow year-on-year in September by about 3.3%.
On a monthly basis, house prices in the second largest economy in Europe did not change in September compared with August.
For the average price of a home in the UK it was £ 232.5 thousand in September compared with £ 224.7 thousand in September 2017.
Until 9:59 am GMT, the pound fell marginally to 0.06% to hit $ 1.2969.
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