House prices climb for a fifth consecutive month

House prices across England and Wales climbed for the fifth month in a row in October, according to new figures from the Land Registry.

Prices are now at their highest level since November last year after the average value of property rose 0.6 per cent for the month.

The rate at which prices are falling year-on-year also declined for the sixth consecutive month, easing to 3.4 per cent – the lowest level since July 2008, and down from 5.4 per cent in September.

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