UK house price growth speeds up for 1st time since March

[LONDON] Growth in British house prices in November picked up speed for the first time since March although price increases may slow in the coming months, mortgage lender Halifax said on Wednesday.

In the three months to November, house prices were six per cent higher compared with the same period a year ago, up from growth of 5.2 per cent in the three months to October and in line with the median forecast of economists polled by Reuters.

In monthly terms, house prices rose by 0.2 per cent in November compared with an increase of 1.5 per cent in October.

REUTERS