Tuesday, 29 November 2011

BBC News - UK house prices surprisingly resilient, Nationwide says

BBC News - UK house prices surprisingly resilient, Nationwide says

UK house prices have remained "surprisingly resilient" in recent months, with values rising again in November, the Nationwide has said.

It said the average home rose in value by 0.4% in November to £165,798.

This was a 1.6% year-on-year increase, according to the figures based on Nationwide's own mortgage data.

Meanwhile, the number of mortgages approved for house purchase, but not yet completed, has risen slightly to its highest level for nearly two years.

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