December 6, 2019 / 8:49 AM / 2 months ago

UK house price growth hits seven-month high in November - Halifax

FILE PHOTO: A man walks past houses painted in various colours in a residential street in London, Britain, May 15, 2019. REUTERS/Toby Melville

LONDON (Reuters) - British house prices rose in November at the fastest annual rate in seven months, mortgage lender Halifax said on Friday.

House prices increased 2.1% year-on-year after a 0.9% rise in October. In November alone, prices rose by 1.0% after a 0.1% drop in the previous month.

“While a degree of uncertainty remains evident, it’s also clear that buyers and sellers are responding to factors such as improved mortgage affordability and the limited supply of available properties,” Halifax managing director Russell Galley said.

Reporting by Andy Bruce; editing by Alistair Smout

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