Annual growth in UK house prices accelerated for the first time in eight months in November, a lender’s figures show.
One lending company said property prices had risen by 6% compared with a year ago. That meant the cost of a typical house was £218,000.
The faster price growth is in contrast with figures from another lending company, which said annual house price growth had slowed to 4.4%.
The driving factor behind inflating house prices is an imbalance between supply and demand, it would seem there is a sustained level of buyer demand present in the current market.
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This post was written by Debbie Brown