House prices hit record high ahead of stamp duty changes according to UKs biggest lender [Video]

HOUSE prices hit another record high as prospective homeowners look to buy ahead of stamp duty changes next year.

The average house price was £298,083 in November, according to the UK’s biggest mortgage lender Halifax.

That’s a new record high, after they peaked at £293,999 in October.

Amanda Bryden, head of mortgages at Halifax, said: “UK house prices rose for the fifth month in a row in November, up by +1.3% in the month – the biggest increase so far this year.

“This pushed the annual growth rate up to +4.8%, its strongest level since November 2022.

“As a result, the record average house price we saw in October edged higher still.”

House prices continue to increase the most in Northern Ireland, rising 6.8% annually and with the average house there now costing £203,131.

Property prices in Wales also showed high growth, spiking 4.1% annually and with the average home worth £225,084.

Meanwhile, house prices in the North West recorded the …