UK house prices continue growth

The Halifax Building Society, Britain's biggest mortgage lender, said that the average cost of a property rose by 1.2% during October to £137,780 (€201,700), with prices now 16.7% higher than they were 12 months ago.

The group said the market was not slowing as quickly as it had expected at the beginning of the year, although it added that annual house price growth was well down on the 24.5% recorded this time last year.