Halifax's monthly house price index found that the cost of an average home was £298,083 in November, up almost £5,000 on the previous record set in October. Before the latest rises, the record high was £293,507 in June 2022.
House prices were up by 1.3% in November, the biggest rise this year. On an annual basis property prices were up 4.8%, the highest rate of increase since November 2022.
Amanda Bryden, the head of mortgages at Halifax, said the latest figures showed "improving levels of demand for mortgages, as an easing in mortgage rates boosts buyer confidence".
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