UK House Prices Climb for a Third Month, Halifax Says
- A typical home is now just short of record reached in mid-2022
- Cheaper rates are helping but affordability stretched for many
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UK house prices rose for a third consecutive month in September as cheaper mortgages and increased incomes spurred more buyers into the market, data from Halifax showed.
The mortgage lender said the average price of a typical home increased 0.3% to £293,399 ($384,900), just short of the record level reached in June 2022. House prices were 4.7% higher than a year earlier.