Residential property prices keep rising in UK despite pessimistic economic outlook

[Nicholas Wallwork]

Residential property prices in the UK went up 1.2% in October and are now*7.1% higher than at their lowest point this year, according to the latest*index to be published.

It is the fourth consecutive month in a row that the index from the*Halifax shows prices increasing. Nationally prices have risen 2.9% since*the end of 2008 but they are still 4.7% below what they were a year ago,*it says.

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