UK annual house price growth softened to 0.5% in October.

Zoopla’s latest index shows house price falls concentrated in London and the South East, while the North West leads gains across the rest of the country.

Northern Ireland recorded the strongest annual increase among the UK nations, while England's house price growth slowed to 0.4%.

Fewer than one in ten Scottish flats held for five to ten years sold below their previous recorded price.

The average UK property now costs £298,441, up marginally from £298,395 in August.

Prices fell 0.2% month on month in September, taking the average UK price to £274,251 from £275,465 in August.

Average mortgage rates have reached 5.2%, up from 4% at the start of the year, adding £150 a month to typical repayments.

The average asking price of newly listed homes rose by £2,441 in September to £367,440, the first monthly increase since May.

Property values continued to rise on an annual basis in July, with the average house price £4,000 higher than a year ago.

The latest e.surv house price index reveals semi-detached and terraced properties are the strongest performers nationally, as average Great Britain house prices rose 1.8% in the year...