Little change in UK house prices

House prices were flat month-on-month in November and they are likely to stay that way or edge slightly lower over the next year, Nationwide has said.

The average UK house price stands at £163,853, showing a 1.2% decline on a year ago and prices have been dropping on an annual basis for nine months in a row, Nationwide said. The 0% month-on-month change in November follows a small 0.6% monthly increase recorded by the study in October.
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