Nationwide's November HPI up 0.1%

Nationwide's HPI  for November 2015 has property prices inching up by 0.1 per cent during the course of the month.

The bank's annual property growth rate has dropped to 3.7 per cent, with the average UK property price tipping up to £196,305.

Robert Gardner, Nationwide’s chief economist comments

“The annual rate of house price growth has fluctuated in a fairly narrow range between three and four per cent over the past six months, which is broadly consistent with earnings growth over the longer term. While this bodes well for a sustainable increase in housing market activity in the period ahead, much will depend on whether building activity can keep pace with increasing demand” says 
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