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Demand from home buyers has held up well moving into autumn, Halifax said Yui Mok/PA Archive

The average UK house price jumped to a new record high of £299,862 in October after jumping by £1,647 month-on-month, according to an index.

Property values increased by 0.6% month-on-month in October, following a monthly fall of 0.3% in September, Halifax reported.

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