UK House Prices Rise

January 28th, 2017

UK house prices rose in November for the first time since the Brexit vote, the Financial Times reported using data from the Office of National Statistics. The 1.1 per cent gain in the month resulted in an increase of 6.7 per cent over the twelve months to November, taking the average to £217,928 (£482,000 in London). Residential rents remained unchanged for the fifth successive month but mortgage approvals picked up from their August low.