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The average UK house price jumped to a new record high of £299,862 in October after jumping by £1,647 month-on-month, according to an index.

Property values increased by 0.6% month-on-month in October, following a monthly fall of 0.3% in September, Halifax reported.

The annual rate of house price growth also accelerated, reaching 1.9% in October, from 1.3% in September.

Amanda Bryden, head of mortgages, Halifax, said: “October saw the biggest monthly rise in UK house prices since January this year, with the value of the average UK home increasing by 0.6% (£1,647).

“That

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