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UK house prices rise by most since January, Halifax data shows
Average UK home price rose 0.6% in October, marking the fastest monthly increase since January and reaching a new high of £299,862, driven by strong demand and mortgage approvals.
- In October, UK house prices rose by 0.6%, which is the largest increase since January, according to Halifax.
- The average property price in the UK reached £299,862, the highest on record, as reported in Halifax's House Price Index.
- Annual growth in house prices increased from 1.3% to 1.9% over the past year, as reported by Halifax.
- Experts predict that the average home will surpass £300,000 by year's end.
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24 Articles
UK house prices rise by most since January, Halifax data shows
British house prices last month rose at the fastest pace since January, data from mortgage lender Halifax showed on Friday, adding to signs of demand in the property sector ahead of finance minister Rachel Reeves' budget on November 26.
·United Kingdom
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Average UK House Price Jumped to New Record High in October, Says Halifax
The average UK house price jumped to a new record high of £299,862 in October after jumping by £1,647 month-on-month, according to an index. Property values increased by 0.6% month-on-month in October, following a monthly fall of 0.3% in September, Halifax reported. The annual rate of house price growth also accelerated, reaching 1.9% in October, from 1.3% in September. Amanda Bryden, head of mortgages, Halifax, said: “October saw the biggest mo…
·New York, United States
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Coverage Details
Total News Sources24
Leaning Left5Leaning Right3Center5Last UpdatedBias Distribution39% Left, 38% Center
Bias Distribution
- 39% of the sources lean Left, 38% of the sources are Center
39% Left
L 39%
C 38%
R 23%
Factuality
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