The average price of a property sold subject to contract in September was £221,797, according to estate agents haart.

Looking at its own data, it says that supply of properties for sale is 14.3% down on a year ago, and down 3.1% on August.

Supply has dropped 18.5% in London, where haart says the average house price last month was £521,383.

Demand remains high, with new buyer registrations up 8.4% annually, with the number of new first-time buyer registrations up 7.4%.