October sees house price rise

According to new figures released by the Land Registry, house prices in England and Wales rose by 1.2% in October from the previous month, pushing annual growth up to a 17-month high of 7.0%.

The monthly growth in October was down slightly on September's 1.3 % rise, annual growth however is up from September's 6.3% rise. And the average house price for England and Wales now stands at £171,709.