2 days ago
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House prices grew astatine their fastest yearly gait for 2 years past month, according to the latest survey from Nationwide.
The lender said the terms of a emblematic UK location roseate by 3.7% successful November from a twelvemonth earlier, with spot values adjacent to a grounds high.
It said the acceleration successful location terms maturation was "surprising, since affordability remains stretched by historical standards".
However, it noted that the lodging marketplace had remained "relatively resilient" successful caller months, with the fig of mortgages approved astatine adjacent pre-pandemic levels.
Nationwide said location prices had risen by 1.2% betwixt October and November, the biggest month-on-month summation since March 2022.
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