The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index rose at a seasonally adjusted rate of 0.8% in November, after a 0.8% increase in October.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 7.7% in November, after a 7.0% in October. It was the highest rise since March.
The higher house price inflation was mainly driven by an increase in prices in the East, the South East and London.
The average mix-adjusted house price was £288,000 in November, up from £287,000 in October.