House prices made a surprisingly strong jump in November to sit just 1% below an all-time high, Britain’s biggest building society has reported. The average UK house price rose by 1.2% month-on-month in November, according to Nationwide Building Society, which was the biggest increase since March 2022.The annual price growth rate rebounded to 3.7% in November, from 2.4% in October, marking the fastest rise since November 2022. Across the UK, the average house price in November was £268,144.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your business headlines for this morning.
00:09House prices made a surprisingly strong jump in November to sit just 1% below an all-time
00:15high according to new figures. The average UK house price rose by 1.2% month-on-month
00:22in November according to Nationwide Building Society, which is the biggest increase since
00:28March 2022. The annual price growth rate rebounded to 3.7% in November, up from 2.4% in October,
00:39marking the fastest rise since November 2022. Across the UK, the average house price in
00:46November was £268,144.
00:52My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.