UK House Prices Climb for a Third Month, Halifax Says.

UK house prices have increased for the third consecutive month in September, according to data from Halifax. The average price of a typical home rose by 0.3% to £293,399 ($384,900), just below the record level reached in June 2022. The housing market is experiencing growth due to cheaper mortgages, increased incomes, and the Bank of England's interest-rate cut in August. The report also indicates that house prices have risen across all regions in the UK, with Northern Ireland seeing the strongest gains. However, housing costs remain a challenge for many, and modest property price growth is expected for the rest of the year and into next year. [Extracted from the article]