Housing Market Is Showing Signs of Resilience

Summary


The housing market has remained "surprisingly resilient" this month, Nationwide said today, as the average price of a property increased by 0.4% month on month.

The price of a typical home was Pounds 165,798 in November, 1.6 per cent higher than a year ago, the Nationwide said, following a 0.8 per cent year-on-year increase in October. The figures come shortly after the Government revealed proposals to underwrite mortgages for first-time buyers as part of efforts to "unstick" the housing market.

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Housing Market Is Showing Signs of Resilience

But Robert Gardner, Nationwide's chi...

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