UK house prices return to double-digit growth
The Guardian says House prices in the UK continued their upwards climb in November, reaching double-digit growth again as demand remained strong after the end of the stamp duty holiday and the furlough job support scheme.
The average UK house price rose by 0.9% last month, according to data from the building society Nationwide, after an increase of 0.7% in October, taking the average UK property value to £252,687. Average house prices are 10% higher than a year earlier.
House prices have risen to almost 15% above levels seen in March 2020 when the coronavirus pandemic first struck the UK, Nationwide said.
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