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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

UK house prices rise for third straight month as mortgage rates fall

United Kingdom Nationwide Bank of England
Painted rows of houses in Bristol, Britain
It is the first time that UK homeowners have seen the value of their property rise at least three months in a row since the summer of 2022. Photograph: Toby Melville/Reuters

UK house prices rose for a third consecutive month in November as the market responded to hopes that mortgage rate costs had peaked.

Nationwide, the UK’s biggest building society, said prices rose 0.2% month on month in November, after a 0.9% rise in October and a 0.1% rise in September. Economists polled by Reuters had forecast a 0.4% fall in prices in November.

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