Inflation pain to stretch into next year, warns Andrew Bailey

House values recorded double-digit progress in November 2021, with the common assets rate getting £25,000 in the room of a calendar year.

My colleague Rachel Mortimer has more:

Values across Britain rose by 10pc in the calendar year to November, up from 9.8computer in Oct, according to the hottest figures from the Business for Nationwide Studies. 

Price tags strike £271,000, a bit reduce than September’s file common of £272,273 in the guide up to the final stamp obligation deadline.

Household rates continued to climb in November, irrespective of predictions the house market would start off to cool after the tax crack finished and in advance of the historically peaceful festive interval.

Large customer need, matched with an acute shortage of homes for sale, ensured sellers nonetheless attained their inquiring price tag, and above, late into last yr