UK house prices enjoy biggest rise for 18 months

British house prices rose at their fastest rate for 18 months in October after a steep drop during the previous month, figures showed today.

UK house prices enjoy biggest rise for 18 months

British house prices rose at their fastest rate for 18 months in October after a steep drop during the previous month, figures showed today.

The average cost of a home rose by 1.8% in October, partially offsetting September's record fall of 3.7%, according to Halifax.

But despite the increase, the group warned that the underlying trend for house prices was still downwards.

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