Average price of a home tops £250,000 but Halifax says market will slow due to Covid controls and weaker economy
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UK house prices rose at the fastest annual rate in more than four years in October but the mortgage lender Halifax said the market would slow over the coming months because of new coronavirus lockdown rules and a weaker economic backdrop.
Halifax, which is part of Lloyds Banking Group, said in October the average price of a home topped £250,000 for the first time, with prices up 7.5% compared with a year earlier. It was the strongest rate of annual growth since June 2016.
