UK house price growth ‘fastest for almost six years’

UK house prices are 6.5% higher than a year ago – the sharpest rise for nearly six years, the Nationwide has said.

The acceleration came as the housing market remained “robust” despite the economic effects of the coronavirus pandemic, the lender said.

House prices were 0.9% higher in November than in October, with the average property valued at £229,721, the Nationwide said.

But it added that property price growth was expected to slow.

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