finance

House prices rise but average property still £11.3k cheaper than one year ago


UK rose for the second month in a row, but remain lower than this time last year. 

The typical home now costs £283,615, which works out around £1,300 more than last month, the latest Halifax House Price Index suggests.

Northern Ireland is the strongest performing nation or region in the UK, with house prices increasing by 2.3 percent on an annual basis.

Properties in Northern Ireland now cost an average £189,684, which is £4,294 higher than the same time last year. Meanwhile, house prices in Scotland also continue to show resilience, though growth has flattened over the last year (0.0 percent), with the average property in the country now costing £203,116.

Wales recorded one of the lowest annual falls (-1.5 percent), with homes selling for an average of £215,787 in November.

At the other end of the scale, property prices in the South East fell most sharply when compared to other UK regions over the last year (-5.7 percent) to £373,943, a drop of £22,702.

London retains the top spot for the highest average house price in the UK, at £524,592, though prices in the capital have now fallen by 3.8 percent on an annual basis.

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