Dec
07
U.K. House Prices Pick Up Even as Confidence Hits Three-Year Low
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Values rise annual 6.6% in November to average 218,002 pounds
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Supply of new homes is historically very low, Halifax says
Growth in U.K. home prices accelerated in November as the market overcame a stamp-duty surcharge and mortgage-approval rates picked up, though confidence slid to a three-year low.
Values rose 6.6 percent in November from a year earlier, according to data published by mortgage lender Halifax on Wednesday. Prices were up 0.2 percent on the month, the third consecutive increase, pushing the average cost of a home to 218,002 pounds ($275,000). Meanwhile, the supply of new homes remained historically “very low,” Halifax said…
U.K. House Prices Pick Up Even as Confidence Hits Three-Year Low
