UK house price growth edges up

UK house prices rose by 1.9% in the year to November, up from a five-year low of 1.6% in October according to Nationwide. On a monthly basis, prices were up 0.3% to £214,044, but the lender said Brexit uncertainty has left the property market “relatively subdued”. Robert Gardner, Nationwide’s chief economist, said that in the near term the squeeze on household budgets and the uncertain economic outlook would dampen demand, despite low borrowing costs and unemployment being at a 40-year low.

The Times (31/11/2018)