UK house prices rise at fastest rate since 2016, says Nationwide

Buyers take advantage of benign market despite Covid-19 pandemic

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House prices rose in September at the fastest annual rate since the aftermath of the Brexit vote in 2016, according to the UK’s biggest building society, as buyers continued to take advantage of a benign market despite the coronavirus pandemic.

The average UK house price rose by 5% in September compared with the same month last year, to £226,129 – a record high, Nationwide reported.

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