Nationwide figures reveal growth in house prices

Nationwide has issued figures revealing that annual growth in UK house prices has been under 1% every month for the last year, with the market remaining relatively stagnant. However, prices were up 0.8% in the year to late November, representing a slight increase on October’s figures, while the housing market as a whole is being affected by Brexit-related economic uncertainty and weak global growth. Nationwide said the average home in Britain now costs £215,734 and its chief economist Robert Gardner added that election periods tended not to directly affect the housing market, with wider economic conditions influencing buying and selling decisions more.

BBC News (28/11/2019)   The Daily Telegraph (28/11/2019)