UK house prices continue to rise

Tuesday, 29 November 2011 07:51

The official report presented today showed an increase in British house prices.

Nationwide Building Society recorded a rise in November to 0.4% from October, beating expectations and despite a weak economy in euro zone.
It’s third straight monthly increase this year on HPI.

House Price Index it’s a main indicator of the housing industry’s health because rising house prices attract investors and increase industry activity.

Following the release of the UK house price data the pound held steady against its major counterparts.
At 2:02 ET British sterling was trading at 1.5520 against dollar, 121.15 vs. yen and 0.8609 against the euro.