UK house prices rise 8.2% in November - Halifax7 Dec 2021 07:55
House prices across the United Kingdom were 8.2% higher in November compared to the same month a year earlier, according to a report published by Halifax on Tuesday. With an average price of houses at £272,992, the report noted that the figure expanded by 1% versus October, and 3.4% on a quarterly basis.
The average price of a property has therefore reached a new record value, with the prices surging for the fifth month in a row to reach a 15-year high. "Looking ahead, there is now greater uncertainty than has been the case for quite some time, with interest rates expected to rise to guard against further increases in inflation," noted Halifax Managing Director, Russell Galley.
Wales led the increase, followed by Northern Ireland, Scotland, and England. On the other hand, the report concluded that London "continues to lag the rest of UK in its rate of house price growth."
Baha Breaking the News / ND
House prices in the U.K. have risen in high single digits in at least this last 3 months pointing to definite signs of inflation.