Annual house price growth now at 6.5%
24hrs after BoE announces it’s putting the brakes on the property market, Nationwide reveals another jump in property costs.
- UK house prices increased by 0.6% in November and were 6.5% higher than November 2012
- House prices around 6% below 2007 peak
Nationwide said the latest monthly house price increase of 0.6% took average UK values to £174,566 from £173,678 in October.