UK house prices continued to rise in November according to Nationwide’s index. They tracked a 0.1% month-on-month and 4.4% year-on-year increase, making the average home price £204,947. Economic uncertainty appears to have been outweighed by a strong labour market and low borrowing costs. A lack of supply for houses in demand is also sustaining high prices. However, the managing director of Garrington Property Finders believes that sellers are increasingly willing to negotiate to secure deals, so advises that buyers should push for price cuts.

UK property prices edged up in November, latest index data shows – Property Wire