House prices rise defying forecasts of double-digit crash

  • 2 months ago
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House prices are on track to defy gloomy expectations of a double-digit drop this year.

Prices unexpectedly increased in November, the second month in a row, as lower mortgage rates boosted buyer confidence amid a shortage of sellers.

Homeowners saw the value of their property increase by 0.5pc in November compared to October, according to the Halifax house price index.

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