UK house prices rise at fastest rate in nearly two years

Nationwide reports surprise growth despite near-record prices straining affordability

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House prices in the UK grew at the fastest rate in nearly two years in November, in a surprise acceleration despite near-record highs straining affordability, according to figures from Nationwide.

The annual growth rate rebounded to 3.7% in November, up from 2.4% in October, according to the UK's biggest building society. That was the fastest rate since November 2022.