House prices rise 0.6% in November
Nationwide's November House Price Index shows property prices increased by 0.6% on October and increased annually by 6.5%. The price of an average property now stands at £174,566, up from £163,853 a year ago.
Robert Gardner, Chief Economist at Nationwide explained that activity in the housing market has picked up strongly in recent months. He said: “The number of mortgage approvals for house purchases reached 66,735 in September, 34% higher than the same period of 2012.
“A large part of the improvement can be attributed to further improvements in the labour market and the brighter economic outlook, which has helped to bolster sentiment amongst potential buyers.â€
November 29, 2013
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