UK house prices rise at fastest rate since January 2025

Halifax says October increase pushes average cost of home to 300k despite uncertainty over possible budget tax changes

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UK house prices rose at their fastest pace since January, a leading property index shows, with demand improving despite ongoing market uncertainty over likely tax changes in this month's budget.

Prices increased by 0.6% month-on-month in October pushing the average cost of a UK home to a record high of 299,862, according to Halifax.