Thursday, 8 December 2016

House Price Growth Eases Back In November

Annual house price growth slowed in November, according to the latest House Price Index from Nationwide. In October, growth was at 4.6% but it eased back to 4.4% in November. House prices increased by 0.1% month on month in November, with the average house price put at £204,947, down from October’s average of £205,904. “UK house prices increased by 0.1% in November, after taking account of seasonal factors,” said Robert Gardner, Nationwide’s chief economist. “As a result, the annual rate of house price growth slowed slightly to 4.4%, from 4.6% in October, though this is still in line with the growth rates prevailing since early 2015. Read more on the Housing Excellence website.

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