Prices for residential real estate in the UK in November rose by the highest since November 2022 by 3.7% in annual terms, according to a report by the British mortgage company Nationwide Building Society. The indicator has been growing for the tenth month in a row, in October the growth was 2.4%.
The consensus forecast provided by Trading Economics assumed that the growth rate would remain at the October level.
Compared to the previous month, house prices increased by the highest since March 2022 by 1.2% after rising by 0.1% in October and now average 268,144 thousand pounds ($340.2 thousand) per property. This is only 1% below the historical high recorded in 2022.
“The acceleration in house price growth is surprising as affordability remains low by historical standards,” said Robert Gardner, senior economist at Nationwide. ”House prices remain high relative to average earnings and interest rates are well above pre-COVID levels.
http://relocation.com.ua/tsiny-na-zhytlovu-nerukhomist-u-velykij-brytanii-v-lystopadi-zrosly-na-3-7/
