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Strong recovery in UK housing market, says Nationwide..

UK house prices rose by 5% in September compared with a year ago, the Nationwide says, as the property market saw post-lockdown demand continue.

The annual rate of growth is the highest for four years, according to figures based on the Nationwide’s lending data.

The building society said activity had “recovered strongly” since coronavirus restrictions on viewings were lifted.

But job fears ahead mean many young people have put moving plans on hold.

Price rises across regions

The Nationwide said that UK house prices rose by 0.9% in September compared with August.

In the three months from July to the end of September, UK prices were up 1.7% compared with the previous quarter and the average home cost £226,129.