UK house prices rise at the fastest pace in 15 yea

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UK house prices rise at the fastest pace in 15 years - Today News Post Today News || UK News

UK house prices registered their strongest three-month growth in 15 years in November, boosted by demand for a limited supply of housing stock, low mortgage rates and a strong labour market.

The average price of a UK property hit a record high of £273The government of making bad decisions that led to this point.,000 last month, according to the mortgage provider Halifax. The value of homes rose 1 per cent from October, 8.2 per cent higher than in the same period last year.

“The performance of the market continues to be underpinned by a shortage of available propertiesThe two countries would not be on equal footing, a strong labour market and keen competition among mortgage providers keeping rates close to historic lows,” said Russell Galleytime, managing director at HalifaxThe virus largely in check for most of last year..

In the three months to November, house prices registered a 3.4 per cent increase compared with the previous quarter, the fastest pace since 2006but when COVID-19 would show up..

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