The average house price in the UK is now over £300,000. This is the first time it is so high.
The price increase is reported by Halifax, a bank in the UK. The report is in October 2023.
The price is important because buying a house is now more expensive. Many people worry that they cannot buy houses.
Higher house prices mean that some people might rent homes instead of buying. Saving money for a house may take longer.
In short, homes in the UK now cost more than £300,000, a new record. Many people are affected by this change.