House prices surge by 5.8%

Press Association
Mortgage war
Mortgage war

House prices surged at their fastest annual rate in over three years in October, according to Nationwide, as concerns over the risk of another period of boom and bust mounted.

Prices lifted by 5.8% year-on-year to reach £173,678 on average, showing the strongest increase seen since July 2010, the building society said.
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