UK house prices jump by most in nearly six years

LONDON: British house prices rose by the most in nearly six years in November, mortgage lender Nationwide said yesterday, as a boom in the housing market accelerates while the broader economy struggles with coronavirus.

In annual terms, prices rose by 6.5%, Nationwide said. Prices rose by 0.9% from October, a slight acceleration in the monthly growth pace. A Reuters poll of economists had pointed to a slowdown in the pace of increases.