FILE PHOTO: Houses are seen in London, January 19, 2017
LONDON (Reuters) – British house prices rose more than expected in November, according to figures from mortgage lender Nationwide, suggesting next month’s national election was not putting further pressure on the market which remains sluggish.
House prices rose by 0.8% compared with November 2018, the strongest increase since April, Nationwide said on Thursday.
A Reuters poll of economists had pointed to a rise of 0.2%.
However, it was the 12th month in a row that annual price growth remained below 1%, compared with gains of about 5% at the time of the Brexit referendum in 2016.
In November alone, house prices rose by 0.5%, compared with