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The annual pace of decline in UK house prices eased somewhat in November, as house prices rose on a monthly basis, according to new data from Nationwide on Friday.
On a seasonally adjusted basis, UK house prices rose by 0.2% in November from October, with growth slowing slightly from a 0.9% on-month rise in October.
On an annual basis, prices were 2.0% lower in November, slowing from the 3.3% fall in October.
The average house price, without seasonal adjustment, was £258,557 in November, down from £259,423 in October.
‘There has been a significant change in market expectations for the future path of Bank Rate in recent months which, if sustained, could provide much needed support for housing market activity,’ said Robert Gardner, Nationwide’s chief economist.
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