UK house prices increase in Nov

LONDON: British house prices rose by more than expected in November and for a fifth month in a row, mortgage lender Halifax said on Thursday. House prices rose 0.5 per cent month-on-month after a 0.3 per cent rise in October, Halifax said, topping the consensus in a Reuters poll of economists for a 0.2 per cent rise.
But house price growth slowed on an annual basis to 3.9 per cent in the three months to November, following a 4.5 per cent rise in October. “The imbalance between supply and demand continues to support house prices, which doesn’t look like changing in the near future,” Russell Galley, managing director of Halifax Community Bank, said. — Reuters

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