House prices in England and Wales see fastest annual growth for six months

The annual rate of house price growth across England and Wales increased to 5.2% in October, the fastest increase for six months, according to the latest property index. Average property prices increased 0.9% or £2,500 last month, equal to £80 a day, to £288,421 and it is the tenth record high recorded this year, the data from the Your Move Reed Rains index shows. The price growth is once again being driven by London, as values in the city increased £24,636 in the last year, the index also s...