First ‘full house’ price rise since 2007

House prices have set new records after jumping at the fastest rate since the autumn of 2015. The price of every type of property, from family homes to flats and in every region of Britain, is rising. It is the first time that a “full house” of property inflation across the board has been seen since 2007, according to Rightmove. Property prices rose by 1.8% month-on-month in October, with strong demand outstripping supply despite an increase in the number of properties being listed. British house prices rose from an average of £338,462 in September to a new high of £344,445 in October, according to analysis of 88,694 listings. Prices rose most sharply in Wales and the North West, at a rate of 2.3%, to highs of £237,830 and £232,639 respectively. The East of England had the slowest monthly growth at 0.1% to £396,232. The Times (£)