‘Surprise’ house price jump in November as average values sit just 1% below peak

Yorkshire Post

House prices made a surprisingly strong jump in November to sit just 1% below an all-time high, Britain’s biggest building society has reported. The average UK house price rose by 1.2% month-on-month in November, according to Nationwide Building Society, which was the biggest increase since March 2022.The annual price growth rate rebounded to 3.7% in November, from 2.4% in October, marking the fastest rise since November 2022. Across the UK, the average house price in November was £268,144.

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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and

00:06here are your business headlines for this morning.

00:09House prices made a surprisingly strong jump in November to sit just 1% below an all-time

00:15high according to new figures. The average UK house price rose by 1.2% month-on-month

00:22in November according to Nationwide Building Society, which is the biggest increase since

00:28March 2022. The annual price growth rate rebounded to 3.7% in November, up from 2.4% in October,

00:39marking the fastest rise since November 2022. Across the UK, the average house price in

00:46November was £268,144.

00:52My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

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