UK home prices up in all regions as market firms in Oct
Low mortgage rates help broader market recover
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[LONDON] UK house prices rose in all regions of the country for the first time in more than six years last month as low mortgage rates helped the property revival to broaden, Hometrack Ltd said.
Values across England and Wales increased 0.5 per cent from October, the London-based property researcher said in a statement yesterday. Prices jumped 3.8 per cent from a year earlier, the most since October 2007.
A strengthening property market, supported by the government's Help to Buy programme, has fuelled concerns about a potential bubble, and the Bank of England ended mortgage incentives in its Funding for Lending Scheme last week.
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