The value of private landlords' properties could have increased over the last month.

Nationwide Building Society published its latest property price study today (October 30th), showing that there was a 0.4 per cent rise in the cost of the average UK home in October.

According to the data, the typical property was worth £162,038 during the course of the month.

In September, Nationwide claimed that the average home cost £161,816, which was 0.9 per cent up on August's figure.

Martin Gahbauer, Nationwide's chief economist, said: "House prices rose for a sixth consecutive month in October, but the strong upward momentum in property values seen over the summer is showing some signs of moderating as we head into the autumn months."

Earlier this week, the Land Registry published research showing that the average house price in England and Wales was £158,377 in September. It also noted that the typical property price in London was £314,954.

Written by John Weeks
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Related posts:

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  5. Land Registry: House prices went up in September

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