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House prices reach new record high - but a slowdown is anticipated

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The latest data and analysis from Halifax has revealed this morning that, during October, average house prices across the UK topped £250k for the first time in history following the strongest growth since June 2016. The lender revealed that on a monthly basis, house prices in October were 0.3% higher than in September and in the latest quarter (August to October), house prices were 4.0% higher than in the preceding three months. House prices in October were 7.5% higher than in the same month a year earlier – the strongest growth in over four years.

Posted by MMB Finance Swindon on 11 November 2020