Thursday, 1 December 2011

House prices are withstanding the current state of the economy...

Nationwide has announced that UK house prices have continued to be "surprisingly resilient" in the past few months, with values rising yet again in November.

The figures have been based upon Nationwide's own mortgage data and have shown that the average home rose in value by 0.4% in November to £165,798, which demonstrates a 1.6% year on year increase.

The number of mortgages approved for house purchase, but not yet completed, has also increased marginly to its highest level for nearly two years.

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