House prices in the UK rose by 1.8% in October compared with the previous month - but this followed a big drop a month earlier, the Halifax said.
The lender, part of the Lloyds Banking Group, said that the less volatile three-month on three-month comparison showed property values dropped by 1.2%, writes the BBC. The average home cost £164,919, according to the survey. Monthly changes in prices had been a mixed picture, the lender said, but it is not predicting a sustained fall. Read more Lloyds new chief's pay linked to lending António Horta-Osório, the surprise new chief executive of Lloyds Banking Group, will have his bonus linked to small businesses lending targets, after last-minute demands made by George Osbo...
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