Pedro Goncalves writes:<\/p>\n
UK house prices remained largely unchanged in November, with the average property price at \u00a3299,892, according to Halifax.<\/p>\n
Monthly growth registered 0.0%, following a 0.5% rise in October, while annual inflation slowed to 0.7%, down from 1.9% the previous month, a shift driven largely by stronger price rises a year earlier. The latest data also revealed a persistent North\u2013South divide in regional performance.<\/p>\n
Amanda Bryden, head of mortgages at Halifax, said: \u201cAverage house prices were broadly unchanged in November, edging up by \u00a3138 compared to October, with the typical property now costing \u00a3299,892. Annual growth has slowed to +0.7%, the weakest rate since March 2024, though this largely reflects the base effect of much stronger price growth this time last year.\u201d<\/p>\n
She added: \u201cThis consistency in average prices reflects what has been one of the most stable years for the housing market over the last decade. Even with the changes to stamp duty back in spring and some uncertainty ahead of the autumn budget, property values have remained steady.\u201d<\/p>\n