United Kingdom: House prices rise to highest level in over five years

According to the Nationwide Building Society (NBS), home prices in the U.K. rose 0.6% over the previous month in November. The increase, which met market expectations, came in below the 1.0% rise recorded in October. On an annual basis, home prices rose 6.5% (October: +5.8% year-on-year). As a result, the prices reached a level of £174,566 (November 2012: £163,853), which is the highest in more than five years.

Read more about British Housing.

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