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UK House Prices Rise at Slowest Pace Since January

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British house prices increased last month at the weakest annual rate since January, although there are signs that demand in the market is beginning to strengthen, mortgage lender Nationwide said on Thursday.

House prices increased 4.4 percent compared with a year earlier, down from growth of 4.6 percent in October, Nationwide said. Economists in a Reuters poll had expected house price growth to remain steady at 4.6 percent.

In November alone, house prices edged up 0.1 percent – in line with expectations.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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