Economic news

UK housing prices rise only 0.1% in November

UK House prices increased by 0.1% in November compared with October, Nationwide Building Society reported. Prices rose 2.5% in annual terms.

Average Britain property prices have dropped from £211,085 in October to £209,988.

Experts note that high employment and low mortgage rates support the growth of the housing market in the UK, but too weak increases in wages are constraining factors.

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