Nationwide’s house price index shows that property prices entered positive territory in November, growing 0.3 per cent on a monthly basis, up from the 0 per cent growth seen in October.
Annually, the report says that house prices grew by 1.9 per cent, again up on last month’s figure of 1.6 per cent. This leaves the average house price at £214,044.
Nationwide adds that the supply of homes has improved too, pointing out that net additions to the housing stock are now just 0.6 per cent below the levels seen in 2007. It must be noted that this figure take conversations from larger homes to small and “change of use” status into account, rather than simply counting new properties being built.