House Price rise by just 0.3% in November

You can read Nationwide full report HERE.

The annual pace of house price growth continued to soften in November, falling from 9.0% in October to 8.5%, marking the  third  consecutive month where annual growth has moderated. This is despite house prices increasing by 0.3% month on month in November.

There is something of a disconnect between the slowdown in the housing market  n recent months  and broader  economic indicators, which have remained relatively upbeat.

Historically low mortgage rateshave helped to mitigate against the fact that house priceshave been outstripping income growth.

Posted in Buy to Let News, Residential Mortgage News
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