UK witnessed a jump of 0.6 per cent in the house prices in September supported by an improved confidence in the housing market and scarcity of available homes for sale.
As per property web site, Rightmove, the cost of a house in England and Wales during the period of five weeks to September 12 jumped to 223,996 pounds, only 1.5 per cent less than September 2008.
On an average price of a house soared 0.9 per cent in London from previous month, while southeast of England and East Anglia recorded an increase of 1.5 per cent and
8.4 per cent respectively.
Speaking on the topic, Rightmove's commercial director, Miles Shipside, said, "Confidence is up, stock is down and the number of people searching is high."
However, Yorkshire and Humberside reported a fall of 3.6 per cent in the average price of a house.
Lack of supply also boosted prices. Estate agents have the lowest level of stock per branch since February 2008, with an average of only 69 unsold properties on their books as compared with 70 in the previous months.