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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

House prices at record high, says UK’s biggest lender

Online property search using tablet computer
The 0.2% rise in October is the fourth consecutive month of house price growth. Photograph: David Burton/Alamy

The average price of a home in the UK is at a record high but demand could slow as a result of policies in Rachel Reeves’s budget, Britain’s biggest mortgage lender has said.

Halifax’s monthly house price index found that the cost of the average home hit £293,999 in October, the highest ever recorded, outstripping the £293,507 reached in June 2022.

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