The average price of a home in the UK has surpassed a quarter of a million pounds for the first time in history. According to Nationwide's latest house price index, the standard price of a UK property now sits at £250,311.
The building society said that house prices rose by 0.7% in October alone, and are up 9.9% compared to this time last year. Nationwide also reported that the average property price has gone up by more than £30k since the coronavirus pandemic began back in March 2020. READ MORE: How to secure a mortgage on your own when buying a home solo Commenting on the figures, Nationwide's chief economist Robert Gardner, said: “Annual house price growth remained elevated in October at 9.9%, albeit marginally lower than the 10%
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