The storm before the calm: Annual house price growth hits highest rate in 5 years, says Nationwide

This morning's data and analysis from Nationwide has revealed that annual house price growth rose to 6.5% in November, the highest rate since Jan 2015 - with prices up 0.9% month-on-month, after taking account of seasonal factors. (Please click or tap the picture to find out more)

Robert Gardner, Nationwide's Chief Economist, explains: "Data suggests that the economic recovery had lost momentum even before the latest lockdown came into effect. Economic growth slowed sharply from 6.3% in the month of July to 2.2% in August and 1.1% in September, even though the economy was still around 8% smaller than its pre-pandemic level at that point. Rising infection rates and tighter social restrictions will have resulted in a further hit to growth in October and November.

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Source: Property Reporter

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House Prices in the last 10 years!

This map highlights how uneven UK house price growth has been over the last decade. While some regions have surged ahead, others have seen far more modest gains. It’s a clear reminder that national averages hide wide regional differences, and that property performance is always shaped by local markets rather than headlines.

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