The average value of a UK property in September was £160,224, according to the latest figures.

Nationwide Building Society claims that house prices in the country are now at a similar level year-on-year.

Indeed, last month was apparently the first time since March 2008 that the annual rate of change has not been negative.

With house prices seemingly moving in an upward direction, private landlords may consider now a good time to add to their property portfolios.

They may want to wait for Halifax's September House Price Index - due to be published in the coming weeks - before making a final decision.

Martin Gahbauer, Nationwide's chief economist, remarked: "Over the first nine months of 2009, the seasonally adjusted index of house prices has risen by 4.1 per cent."

Despite this - and the 0.9 per cent monthly rise - he warned that the average value of a home in the UK is still down 13.5 per cent on October 2007's peak.

Written by Claire Doyle

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