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UK House Prices Rise Unexpectedly for Third Month in November

House prices in the UK rose for the second consecutive month in November, with average values increasing by 0.2%, according to the Nationwide House Price Index.
Despite the monthly growth, house prices were still 2% lower compared to the previous year, outperforming economists' forecasts of a 2.5% decline.
The pause in interest rate hikes and increased competition among banks for offering attractive mortgage rates have contributed to higher activity in the housing market.

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Manchester Evening News

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UK house prices rise for third month in a row

Nationwide says house prices rose by 0.2% in November, as hopes of mortgage costs coming down and rising wages has helped warm up demand across the property market

1 year ago·Manchester, United Kingdom

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The Guardian

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UK house prices rise for third straight month as mortgage rates fall

Nationwide says average property price was £258,557 in November, £5,231 down on same month last year

1 year ago·London, United Kingdom

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Financial Times

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UK house prices beat forecasts to rise again in November

Nationwide reports third consecutive monthly increase as hopes grow of stabilisation in property market

1 year ago·London, United Kingdom

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Bloomberg

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UK House Prices Rise Unexpectedly for Third Month in November

UK house prices rose unexpectedly for a third month, one of the country’s biggest mortgage lenders said, as a dip in borrowing costs helped revive activity.

1 year ago·United States

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