House prices surged 5.4% in October to hit new record high, say Land Registry

House prices surged 5.4% in October to hit new record high, say Land Registry

Albeit slightly historic, this morning's figures from the Land Registry paint a picture of a housing market that has certainly done more than just survive lockdown. (Please click or tap the picture to find out more)

According to the numbers, average house prices in the UK were up by 5.4% in the year to October, a rise of 4.3% in the year to September and the highest annual growth rate the UK has seen since October 2016, with prices hitting a new record high of £245,000.
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Source: Property Reporter



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That’s despite downturns, political chaos and a cost-of-living crisis. Whether you’ve owned for years or are just getting started, this stat should make every Attleborough homeowner and landlord sit up and take notice.

Located in the popular Constable Close off London Rd, Attleborough, this 3-bedroom semi-detached home offers a lounge off the entrance hall, fitted kitchen/diner, refitted bathroom, garage, and west-facing garden backing onto a play park, the property is offered with no onward chain.

The Bank of England’s latest rate cut to 4%—its lowest in two years—offers a boost to buyer confidence and affordability. With UK home sales up 7.5% year-on-year, the move is expected to support stability in Attleborough’s housing market, though the pace of mortgage rate changes may remain gradual.

Understanding homeownership patterns in Attleborough reveals valuable insights for anyone in property. This snapshot highlights where residents own homes outright, mortgage-free. Darker blues mark higher equity areas, while lighter greens show fewer outright owners—indicating who may hold more flexibility in the market.