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Nationwide Housing Survey for September

The Nationwide survey of the UK housing market for September has revealed that the current market is "subdued". They report that the month saw a 0.2% rise in the average price of property in the UK, slightly up on the figure for August.

As a result of these figures, the building society puts annual house price inflation at 17.8%.

These figures follow on from those produced by the Halifax and Hometrack, which have indicated that the housing market has actually gone in to decline.

Most analysts seem to agree that house prices are likely to fall at a steady rate, although the possibility of a crash cannot be completely ruled out, as has been warned by the International Monetary Fund (IMF), who see a sharp fall as being the biggest single threat to the country's economic outlook.