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UK house prices return to double-digit growth
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House price growth in the UK again reached double-digit figures last month, according to an index from the building society Nationwide.
It recorded annual growth of 10% in November, up from 9.9% in October. Prices rose by 0.9% month on month, taking the average UK property value to £252,687.
Robert Gardner, Nationwide’s chief economist, said: “House prices are now almost 15% above the level prevailing in March last year when the pandemic struck the UK.
“There have been some signs of cooling in housing market activity in recent months; for example, the number of housing transactions were down almost 30% year-on-year in October.
“But this was almost inevitable, given the expiry of the stamp duty holiday (in England and Northern Ireland) at the
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