House prices rise by 3.7% in November with growth at fastest rate in two years

Surprise jump in UK property prices as wages grow and mortgage deals improve

The average price of a house sold in November rose 1.2 per cent compared with October, to £268,144, according to Nationwide surprisingly jumped more than expected in November and at the fastest rate in two years, driven by strong wage growth and

House prices are now just 1 per cent below the all-time high recorded in the summer of 2022 ahead of Liz Truss’s Robert Gardner, Nationwide’s chief economist, said: “House prices increased by a robust 1.2 per cent month on month, after taking account of seasonal effects, the largest monthly gain since March 2022.

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