Nationwide building society has said that house price growth is accelerating, with an average annual increase of 5% in the UK in September. This was driven by price rises in cities such as Manchester and Belfast. London prices were at an all-time high, but overall UK prices were 8% below the peak of 2007, the survey said. According to research, property prices had risen by 0.9% in September compared with the previous month. This valued the average home in the UK at £172,127.

House prices, and activity in the housing market, have been gathering pace. The Nationwide said prices were growing

Landlords in the UK have been warned that they may not possess the correct insurance for their properties.

New research from AXA Business Insurance has found that around one in four proprietors either have the wrong type of cover or none at all - putting not only themselves, but their tenants at risk.

Should the worst happen, these individuals may be left with little by way of financial protection. In addition, it was shown that around three-quarters of those questioned have purchased household insurance rather than a commercial policy. This might therefore make them more vulnerable to having

The boom in Britain’s property market is fuelling a huge jump in profits for the country’s growing army of Buy to Let landlords.

Near record rental values coupled with the rise in house prices will generate average returns of 13% in the next twelve months, more than £22,000 per property, a report found.

It also revealed rents are within £1 of their all-time high at £743 a month in England and Wales. August’s figure marks a 0.7% increase on July and is up 1.3% on August last year.

David Newnes, of lettings giant LSL Property Services, which released the report, said if rental property prices

Auction House East Anglia have expanded its property auction operation by adding an Ipswich auction room to better service the Suffolk and North Essex region. The new Ipswich based auction will complement the established auctions held by Auction House in Norwich and Kings Lynn.

Established and respected local auctioneer, Mark Willett, joins the Auction House East Anglia team from Ipswich based Goldings Auctioneers, to head the new operation from its offices at Saracens House Business Centre, 25 St Margaret’s Green, Ipswich, IP4 2BN.

Mark, Regional Manager Suffolk & North Essex comments, “I am

Sales at the auction totalled just over £8.7m with 38 lots out of 43 offered being sold by the end of the day – a success rate of 89%. A four-bedroom Victorian semi-detached house in Thornton Heath, Surrey (pictured) which needed total renovation started with a guide price of £125,000 and sold for £281,000.

Auctioneer Andrew Binstock said: “This was a grade A auction stock lot, in a great location, priced at a good level. It provided a classic auction sale model as we drummed up plenty of interest with its guide price ahead of the day, and were able to see the drama unfold in the saleroom

The buy-to-let index, produced by LSL Property Services, shows average rents rose to £743 in August - a monthly rise of 0.7%. The record high of £744 a month was in October 2012.

Compared with August 2012, they are up 1.3%. However that is still below the inflation rate of 2.7%.

London saw the highest rent increases with prices up 4.8% year-on-year. Wales saw the second highest jump, a rise of 2.3%, while Yorkshire and the Humber are 1.6% lower than in 2012.

Housing shortage

The overall figures contrast with last month's report which showed that private tenants were experiencing smaller rent

Thinking about selling at auction? After our record 100% sales success at our September auctions, we are now undertaking property valuations for entries into our next round of auctions taking place in October.

There is no faster way of selling property. The process can take as little as six weeks from instructing us through to an exchange of contract. Depending on the agreed completion period, generally 20 working days, the full funds are available. Financial pressures, relocation or other time –related disposals can easily be accommodated within the parameters of a sale by auction.

So if you

Property values are rising at their fastest rate for three years and first-time buyers are at a six-year high, new figures reveal, creating a “virtuous circle” which has given banks and building societies more freedom to lend at the current historically low interest rates.

The result is a “contagious” confidence in the housing market, which will have a knock-on effect for the wider economy, according to industry experts.

The latest evidence of Britain’s economic recovery comes days after forecasts for the country’s annual economic growth were doubled from 0.8 to 1.5%.

The Halifax’s latest

A Victorian property divided in to nine flats in Aigburth, Liverpool has been sold by Auction House in Manchester for more than double the amount it was expected to fetch.

Buyers were unable to access the property in Ivanhoe Road, ahead of the sale, yet it still attracted fierce competition, starting with a guide price of £175,000 and selling for £402,000. Before the sale the best offer achieved through an estate agent was £325,000.

Director of the award winning brand Auction House, in Lancashire and Manchester, Oliver Adams said, “Demand for Buy to Let properties at auction is currently

The property auction market enjoyed another strong set of sales results over the summer, according to the latest figures, which showed that some 2,932 lots were sold in July – the highest number recorded in July since 2007 – raising just over £467m in the process.

The residential sector saw positive gains in every metric measured. Auctioneers sold 2,334 residential lots in July which was up 17% on July 2012, whilst double-digit rises in amounts raised were evident for the month, rolling quarter and rolling year, up 37%, 19% and 11% respectively.

The commercial auction sector witnessed slight