House prices up 0.5%
December 1, 2009 ???? House prices up 0.5% by Gill Montia Nationwide has published the first of the November 2009 house price surveys, claiming that the average cost of a UK home rose 0.5% during the month, to £162,764. The seventh consecutive monthly increase follows an identical rise in October and takes annual house price inflation to 2.7%. The building society remarks that the UK labour market has so far held up better than expected and that house prices have now returned to levels seen in early 2006. However, the three-month-on-three-month measure, which is regarded as a better indicator of the near term trend, puts the annual rise at 2.8% in November, compared with gains of 3.5% in October and 3.8% in September
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House prices up 0.5%
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