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flag UK home prices hit a record £299,862 in October, up 0.6% monthly and 1.9% annually, driven by strong demand and high mortgage approvals.

flag UK house prices hit a record £299,862 in October, rising 0.6% monthly—the largest gain since January—and up 1.9% annually, according to Halifax. flag The increase, driven by strong buyer demand and mortgage approvals at a yearly high, was supported by slightly lower fixed-rate offers, though average rates remain near 4%. flag Despite ongoing affordability pressures from high living costs and economic uncertainty, including speculation over the upcoming Autumn Budget, the market shows resilience. flag Experts note that slower price growth relative to income may gradually improve affordability, with cautious optimism for steady activity ahead.

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