UK house prices climbed in October, advancing at the swiftest rate since January as purchaser demand stayed elevated despite market volatility.

Values rose by 0.6 per cent during the month, representing the fourth occasion in five months that average prices have climbed, after a steep 0.3 per cent decline in September, the latest Halifax house price index shows.

The standard property cost reached a record peak of £299,862, whilst yearly growth also accelerated by 1.9 per cent.

The surge in values arrives as mortgage approvals also touched the highest points this year-to-date.

London stayed the priciest area of the UK, though prices declined on an annual basis by 0.3 per cent, with the typical home valued at £542,273, as reported by City AM .

Nathan Emerson, chief executive of Proper

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