Average for October hits record £270k says lender but it expects interest rate rises to affect borrowingUK house prices rose for a fourth month running in October, climbing above an average of £270,000 for the first time on the Halifax measure, but the mortgage lender predicted a cooling of the market in the months ahead if the Bank of England raises interest rates.Halifax said the average cost of a home rose by 0.9% month on month in October, after rising by 1.7% in September, adding more than £2,500 to the value of a typical British home. Continue reading…
Source : theguardian.com
Read more…House prices hit record high as Halifax predicts cooling UK demand
