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.

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Posted in Buy to Let News, Residential Mortgage News
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