House prices saw monthly increase in October - ONS

Dariusz Karpowicz, director of Doncaster-based mortgage broker, Albion Financial Advice:

“That was then and this is now. This data, though skewed by the Stamp Duty holiday, has yet to reveal the full impact of the mini-Budget and the chaos of the past two to three months.

“Property values are almost certainly now heading down. However, I’m not convinced that house prices will fall by as much as 30% as some are predicting. That would be an apocalyptic event in the property market.

“Prices will undoubtedly stall and we could see drops of 10% in some areas but the lack of supply will act as a glass floor under property values.”