OnthemarketBlog YouTube @property1 @onthemarketblog

British house price growth slowed this month, according to a survey published on Friday which suggested the recovery in the housing market, which recently pushed prices to new record highs, is advancing at a modest pace. Mortgage lender Nationwide said house prices rose by a less-than-expected 0.1 percent in monthly terms in November compared with a 0.5 percent increase in October. Commenting on the figures, Robert Gardner, Nationwide's  Chief Economist,  “UK house prices edged up by 0.1% in November, though the annual pace of price growth slowed a little, to 3.7% from 3.9% the previous month. “The annual rate of house price growth has fluctuated in a fairly narrow range between 3% and 4% over the past six months, which is broadly consistent with earnings growth over the longer term. “While this bodes well for a sustainable increase in housing market activity in the period ahead, much will depend on whether building activity can keep pace with increasin...