AM Online

UK house prices rise for seventh month

A better than expected job market has boosted house prices for the seventh month in a row, according to building society Nationwide.

The average home price increased by 0.5% in November to £162,764.

Nationwide said the typical home was 2.7% more expensive than a year ago, at a similar level to prices in early 2006.

Separate figures show that mortgage lenders' deposit demands are easing.

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