House price growth in the UK has picked up despite continued economic and political uncertainty, but remains far below the levels seen before the EU referendum.
The average price of a home rose by 0.5% in November to £215,734. This is the biggest monthly rise since July 2018, and up from 0.2% in October. The annual growth rate picked up to 0.8% from 0.4%, the highest since April.
However, annual house price growth remains below 1%, where it has been stuck for the past 12 months. This is below the rate of inflation, at 1.5%, and wage growth of 3.6%. Before the June 2016 Brexit vote, house prices were rising at an annual rate of around 5%.