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- The annual rate of UK house price growth remained stable in November
The annual rate of UK house price growth remained stable in November
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Annual house price growth stable at 2.5%
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Modest 0.1% month-on-month increase
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Limited impact from stamp duty changes
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: "The annual rate of house price growth remained stable in November at 2.5%. Nevertheless, annual growth remains within the 2-4% range that has prevailed since March. Low mortgage rates and healthy rates of employment growth are providing support for demand, but this is being partly offset by pressure on household incomes, which appears to be weighing on confidence. The lack of homes on the market is providing support to house prices".
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