House prices record first rise in 19 months.

The prices in Britain for houses are higher than they were a year ago, in the first annual house price rise for 19 months. New figures from Nationwide show that during October, house prices rose by 2 per cent compared to the same month last year, signalling the first annual rise since March 2008. However, the monthly pace of growth is slowing, with house prices rising by 0.4 per cent in October, compared to 0.9 per cent in September and 1.4 per cent in August. Prices have been slowly rising on a monthly basis since May. Nationwide said that this could be due to more sellers returning to the market, creating more competition