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UK house prices continue to creep up in November

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

“UK house prices increased by 0.4% in November, taking the annual rate of growth to 1.6%, up from 0.8% the previous month. The price of a typical home is now £165,798.

“House prices have remained surprisingly resilient in recent months, despite the deterioration in the economic outlook. But, with the UK economic recovery expected to remain sluggish well into 2012, house price growth is likely to remain soft, with prices moving sideways or drifting modestly lower over the next twelve months."

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0 thoughts on “UK house prices continue to creep up in November

  1. Martin says:

    Who writes this stuff ? you need you get yourself up to Mansfield mate ! …there isn’t (a) property market there are hundreds of individual property markets each with their own rules of supply and demand.. this kind of bland statement doe not help me when i am trying to convince my vendors that a reduction should be made…. but Martin some expert in London said prices have gone up! can we ask for more… why not its Christmas !