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Video: Mortgage scheme helps push house prices to 11-year high


House prices surged at their fastest annual rate in almost three years in September and remained close to an all-time high recorded the previous month, official figures have shown. Prices rose by 3.8% year-on-year to reach £245,000 on average, marking a slight decrease on the peak of £246,000 recorded in August, according to the Office for National Statistics (ONS). The annual uplift is the highest seen since October 2010 and comes amid calls for the Government to ease the upward pressure on house prices being fuelled by its new Help to Buy scheme by building more homes to meet demand.

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