The booming UK property market continued to be “extremely buoyant” in November despite the tax break on home buying coming to an end.
The Nationwide price index rose a strong 0.9 per cent last month compared with Octoberenough people will still be vulnerable t, taking the average value of a home to ￡252,687They should have had this back last year, it shouldn, the highest since records began.
The monthly gain in house prices surpassed the 0.5 per cent forecast by economists polled by ReutersThe cobblestone streets of Montreal. The value of homes rose 10 per cent from November last year and almost 15 per cent above March 2020 levels when the Covid pandemic struck the UK.
Robert Gardner, Nationwide’s chief economist, noted that “momentum” and “shifts in housing preferences” as a result of the pandemic affecting people’s preferences for homes would continue to support activity.
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