House prices at record high, says UK’s biggest lender

Reeves’s budget could slow demand but prices have not fallen significantly since post-pandemic ‘race for space’Business live – latest updatesThe average price of a home in the UK is at a record high but demand could slow as a result of policies in Rachel Reeves’s budget, Britain’s biggest mortgage lender has said.Halifax’s monthly house price index found that the cost of the average home hit £293,999 in October, the highest ever recorded, outstripp