UK house prices rose 3.7% annually in November, reaching an average of £268,144, defying high costs.

UK house prices saw their fastest growth in nearly two years in November, rising 3.7% annually to an average of £268,144. Despite high costs and interest rates, the market remains resilient, with mortgage approvals nearing pre-pandemic levels. Nationwide's chief economist attributes this to strong labor market conditions and income gains, though some experts doubt the market's strength will last.

December 02, 2024
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