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UK house prices rise in October, ending run of six consecutive monthly falls
“UK house prices rose in October, up +1.1% on a monthly basis, breaking a run of six consecutive monthly falls. The average house price is now £281,974 – an increase of almost £3,000 compared to the previous month. On an annual basis, prices are down -3.2%, though the decline was at a slower pace than we saw in September (- 4.5%). Average house price £281,974 Monthly change +1.1% Quarterly change -1.9% Annual change -3.2% “Prospective sellers appear to be taking a cautious attitude, leading to a low supply of homes for sale. This is likely to have strengthened prices in the short-term, rather than prices ... (full story)