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Nationwide the worlds largest building society and mortgage provider , has just updated its UK, house price index report >  UK house prices increased by 0.5% in September UK annual house price growth increased to 3.8% in September   London house price growth increased to 10.6% in Q3  Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: “UK house prices increased by 0.5% in September, with the annual pace of house price growth  picking up modestly to 3.8%, from 3.2% in August. “The data in recent months provides some encouragement that the pace of house price increases may be stabilising close to the pace of earnings growth. However, the risk remains that construction activity will lag behind strengthening demand, putting upward pressure on house prices and eventually reducing affordability. “Indeed, in recent months surveyors have reported historically low levels of properties for ...