HOUSING PRICES IN THE UNITED KINGDOM ARE INCREASING AT THE Rapid Speed IN 15 YEARS.
UK house prices recorded their strongest three-month growth in 15 years in November, driven by demand for a limited supply of housing, low mortgage rates, and a strong labor market. According to Halifax, the average UK property price touched a new high of £ 273,000 last month. Home values increased by 1% in October, compared to the same period last year, when they increased by 8.2 percent. "A shortage of available properties, a healthy job market, and tough competition among mortgage providers continue to sustain market performance, maintaining rates around historic lows," said Russell Galley, Managing Director of Halifax. House prices climbed 3.4 percent over the previous quarter in the three months to November, the quickest rate since 2006. Despite prolonged weakness in the London property market, average house prices have risen sharply across the country, as residents of the capital sought to transfer to larger and less crowded areas, owing in part to the shift to working