House prices dip 0.2% in November

11th December 2015

House prices rose by 1.4% in the past three months and by 9% at an annual rate, despite a 0.2% fall in November, according to Halifax. Martin Ellis, Halifax housing economist, said: “Solid economic growth, rising real earnings and falls in already very low mortgage rates have combined to stimulate housing demand this year,” adding: “The increasingly acute imbalance between supply and demand is causing prices to rise at a robust pace. A situation that is unlikely to reverse significantly in the short term”.

Financial Times (08/12/2015)