Annual house price growth edged up to 1.9% in November to £214,044 but the market remains “subdued” thanks to an uncertain future for the economy, according to Nationwide.
The building society’s index registered a 0.3 per cent monthly increase in selling prices during November after zero growth in October.
Squeezed household budgets are likely to continue to dampen demand, despite low borrowing costs and the official unemployment rate at a 40-year low, Nationwide predicted.
