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House prices hit record high as Halifax predicts cooling UK demand
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House prices rose for a fourth month running in October, climbing above an average of £270,000 for the first time on the Halifax measure, but the mortgage lender predicted a cooling of the market in the months ahead if the Bank of England raises interest rates.
Halifax said that the average cost of a home rose by 0.9% month-on-month in October, after rising by 1.7% in September, adding more than £2,500 to the value of a typical British home.
It pointed to market drivers including first-time buyers
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