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Surge in UK House Prices: What’s Driving the Market in November?
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In this episode of London Property Digest, we explore the latest Nationwide Building Society survey, revealing a 3.7% annual rise in UK house prices for November—the fastest growth in two years. What’s behind this surge? We discuss how low unemployment and rising wages outpacing inflation are pushing average prices near record highs, despite concerns about affordability. We also delve into the impact of April’s upcoming stamp duty changes, which are expected to temporarily boost sales, and the challenges posed by high mortgage rates and record-high prices. Tune in for insights on the rise of ultra-long mortgages and the ongoing struggle to manage homeownership costs in a rapidly changing market.
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Originally created to keep our team at Longrad sharp and informed, we’re now sharing these insights with the wider community — offering you a fast, comprehensive London property update on the go.
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Founded in 2005, Longrad is an independent consulting agency specializing in the individual selection of prime residential and commercial real estate. With over 19 years of experience in the luxury real estate market, our team of qualified professionals knows London’s property landscape like the back of their hand.
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