Lower mortgage rates and a more stable market have helped encourage more people to buy homes this year, driving prices up to a new peak.

LONDON (Reuters) -British house prices hit a new record high in October but the 0.2% rise from September was the smallest in three months and demand could remain subdued if interest rates fall only slowly and as taxes on home-buyers go up,

However, the Bank is still expected to cut its key rate to 4.75% from 5% later on Thursday. Halifax said house prices edged up by 0.2% in October, meaning property values have now increased for four months in a row. House prices are up 3.9% from a year ...

House prices in the UK have surpassed the previous peak in June 2022, according to the Halifax house price index

British house prices rose by 0.2% in October from September, mortgage lender Halifax said on Thursday. A Reuters poll of economists had mostly expected an increase of 0.2% on the month. Writing by William Schomberg;