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Growth in UK house prices sped up in the year to October

View profile for Spencer Davis
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According to the BBC the country's largest lender, the Halifax announced house prices rose in October by 1.1%, this follows a decline of 0.9% in the previous month. This increase has brought the average price for a flat or house across the country up to £205,240 – a record high!

Whilst demand is good and properties are being snapped up fast, estate agency group Countrywide, whose brands include Bairstow Eves and Hamptons warned that full-year profits might be down due to fewer properties coming onto the market.

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