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

LONDON (Reuters) -British house prices rose in November at the fastest annual pace since November 2022, according to data from mortgage lender Nationwide on Monday that added to signs of resilience in the property sector despite higher borrowing costs.

House prices in the UK rose sharply in November, now just 1% below their record high, according to Nationwide. The building society reported a 1.2% month-on-month increase, the steepest rise since March 2022.