Sections
Archive
| Mo | Tu | We | Th | Fr | Sa | Su | |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 | |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 | |
| 27 | 28 | 29 | 30 | 31 | |||
Newsletter
Did you enjoy this article?
UK house price growth accelerated strongly during November, suggesting that the housing market remains very buoyant despite two recent interest rate rises by the Bank of England, a survey by the UK's largest building society showed.
Nationwide said house prices rose by 1.4 pct in November from October for a 9.6 pct annual increase, the highest annual rise since February 2005.
This is well above the median forecast of analysts polled by AFX News for a monthly gain of 0.7 pct and a year-on-year rise of 8.3 pct.
This brings the average UK house price up to 172,185 stg, up from 169,623 in October.
In October, house prices rose by 0.7 pct from September and by 8.0 pct from a year earlier.
"House prices jumped by 1.4 pt in November as the housing market refused to cool," said Fionnuala Earley, Nationwide's group economist.
"Looking forward, current housing market indicators are firm and do nothing to dent the prospect of further rises in house prices in the very short term," she added.
Comments (0 posted)
