UK house prices grew by 0.3% in November YoY, compared to 1.5% the month before, marking their slowest growth in six years, according to data from Halifax. "High employment, wage growth and historically low mortgage rates continue to make home ownership more affordable for many, though the need to raise a significant deposit still acts as something of a restraint on the market. The average price of a home rose £4,200 over that period, while the median price fell just under £2,000, with an annual increase of less than 1%. The figures came after Nationwide's index, which painted a slightly brighter picture, with house prices growing 1.9% in November compared to October's 1.6%.
UK house prices grew by 0.3% in November YoY, compared to 1.5% the month before, marking their slowest growth in six years, according to data from Halifax. The average price of a home rose £4,200 over that period, while the median price fell just under £2,000, with an annual increase of less than 1%. The figures came after Nationwide's index, which painted a slightly brighter picture, with house prices growing 1.9% in November compared to October's 1.6%.