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The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index rose at a seasonally adjusted rate of 0.8% in October, after a 0.8% increase in September.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 7.0% in October, after a 6.1% in September. It was the highest rise since March.
The higher house price inflation was mainly driven by an increase in prices in the East and the South East.
The average mix-adjusted house price was £287,000 in October, up from £286,000 in September.
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