UK house prices regain momentum
By FT reporters
Published: December 2 2005 08:09 | Last updated: December 2 2005 08:09

House prices in the UK grew by 1.2 per cent in November, according to the latest report from Halifax, the UK’s biggest mortgage lender, after standing still the previous month.

The lender’s survey - which together with other housing market data is taken as a guide to future consumer sentiment - showed gains of 4.5 per cent in house prices on an annualised basis, well below the 16.4 per cent recorded in November 2004.

Martin Ellis, Halifax’s chief economist said housing demand continued to be supported by the high level of employment and good earnings growth. The average price of a British home was a seasonally-adjusted 170,086 pounds in November, the mortgage lender said.