UK house prices increased by much more than expected in November, according to data from Nationwide; The pound slips against a stronger dollar, while UK stocks gain in line with a

House prices surged by more than expected last month after Nationwide recorded the largest monthly increase since March 2022. The building society recorded an average house price of £268.144, with the headline figure now 1% below the all-time high seen in the summer of 2022.

House prices grew at their fastest annual pace for two years in November, according to the latest survey from Nationwide. The lender said the price of a typical UK home rose by 3.7% last month compared to a year earlier,

UK house prices rose much more than expected in November and at the fastest pace in two years, helped by solid wage growth and declining mortgage rates, according to a lender. The price of a typical UK home rose 3.