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Nationwide House Price Index November 2019

Brian Murphy, Head of Lending for Mortgage Advice Bureau comments:

“Figures released by the Nationwide this morning suggest that average house price growth still remains in positive territory, albeit at very modest levels on both a month on month and annualised basis. This potentially points to the market remaining broadly stable, albeit with regional variances where some areas continue to see strong demand for residential properties, such as the Midlands, Yorkshire and the Humber, Wales and Scotland. With Christmas now just weeks away, together with the prospect of a General Election mid-December, one might suggest that the housing market at least will be entering the final months of 2019 with a robust set of fundamentals; employment levels remain relatively consistent, borrowing costs are still highly competitive and mortgage approval numbers have also remained steady over the past few months.”

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