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UK house price growth hits seven-month high in November: Halifax - Metro US

UK house price growth hits seven-month high in November: Halifax

Rows of houses are seen in High Wycombe, Britain, February 7, 2017. REUTERS/Eddie Keogh
Reuters

LONDON (Reuters) – British house prices rose in November at the fastest annual rate in seven months, mortgage lender Halifax said on Friday.

House prices increased 2.1% year-on-year after a 0.9% rise in October. In November alone, prices rose by 1.0% after a 0.1% drop in the previous month.

“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,” Halifax managing director Russell Galley said.

(Reporting by Andy Bruce; editing by Alistair Smout)

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