UK HOUSE PRICES RISE AT FASTEST RATE SINCE JANUARY 2025
https://i.guim.co.uk/img/media/39fd79f8d7728a407dcf04f6a25505ecd99d9d18/271_0_2458_1967/master/2458.jpg?width=140&quality=85&auto=format&fit=max&s=63b953f3daeaa25fc598b430ecff3ad8
✍️ UK house prices rose at their fastest pace since January, with a 0.6% month-on-month increase in October, pushing the average cost of a UK home to a record high of £299,862.
👉 UK house prices rose 0.6% month-on-month in October, pushing the average cost of a UK home to a record high of £299,862. 👉 Prices increased by 1.9% annually, exceeding forecasts. 👉 Demand from buyers has held up well, with the number of new mortgages being approved recently hitting its highest level so far this year. 👉 Affordability remains a challenge, with many buyers opting for smaller deposits and longer terms to make the numbers work. 👉 Record-level property prices continue to make moving 'feel like a stretch' for many prospective homebuyers.
-- #AmandaBryden #MatthewThompson #RachelReeves #UK #world
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