The average UK house price hit a record high of £270,027 in October, according to an index. The average property value grew by 0.9 percent in October—showing an increase of more than £2,500 during the month, Halifax said. Annual house price inflation accelerated to 8.1%, from 7.4 percent in September. Halifax said it is the first time the average UK house price has topped £270,000. Halifax put average house prices at around £20,000 higher than a separate index run by Nationwide Building Society, with studies using different methods to track average prices. Earlier this week, Nationwide said the average UK house price had hit a new record for its index of £250,311. Wales remains the strongest performer across the UK, with annual house price inflation of 12.9 percent, according to Halifax’s index. Russell Galley, managing director of Halifax said: “With prices rising for a fourth straight month, the annual rate …
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