Economics

U.K. House Prices Climb Most Since 2016 Ahead of New Lockdown

Europe's Second Lockdown Risks Double-Dip Recessions
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U.K. house prices climbed the most since 2016 last month, pushing average values to a record ahead of the renewed restrictions to contain coronavirus.

Average house prices rose 7.5% in October from a year earlier to a record average of 250,457 pounds ($329,000), mortgage lender Halifax said Friday. On the month alone, prices gained 0.3%.