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House price growth rebounded in November

by LLP Editor
6th Dec 19 9:02 am

House price growth picked up last month, according to the latest survey from the Halifax.

The lender said prices rose 1% between October to November, the biggest monthly rise since February.

That helped to push the annual rate of increase up to 2.1%, and the Halifax says the average property now costs £234,625,

“Average house prices rebounded somewhat in November,” said Russell Galley, managing director at Halifax.

“While a degree of uncertainty remains evident, it’s also clear that buyers and sellers are responding to factors such as improved mortgage affordability and the limited supply of available properties.

“It is these issues which we believe will continue to underpin the resilience evident in the market for most of 2019. Over the medium term we expect the emerging trend of modest gains to continue into next year.”

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