House prices climb to a new all-time high following interest rate cut

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Amanda Bryden, Head of Mortgages, Halifax, said: “Average UK location prices nudged up 0.2% successful October, continuing the affirmative momentum of caller months. This brought the yearly maturation complaint to 3.9%, somewhat little than successful September. The mean spot terms has reached a grounds precocious of £293,999, surpassing the erstwhile highest of £293,507 acceptable successful June 2022, towards the extremity of the pandemic-era ‘race for space’.

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