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UK home costs unexpectedly grew once more in November, in keeping with the mortgage supplier Nationwide, offering additional proof of stabilisation within the property market as excessive mortgage charges ease.
House costs grew 0.2 per cent between October and November, following a 0.9 per cent enlargement within the earlier month and a marginal enlargement in September, in keeping with knowledge revealed on Friday. Economists polled by Reuters had forecast a 0.4 per cent fall.
Robert Gardner, Nationwide’s chief economist, famous “a significant change” in market expectations for the longer term path of rates of interest “which, if sustained, could provide much needed support for housing market activity”.
https://www.ft.com/content/d861dbe1-a18c-42a8-81f3-f3b9199c6fd4
