Hi, I’m Leo from Bloomberg’s UK Breaking News team, catching you up on this morning’s business stories.
UK house prices rose unexpectedly for a third month, helped by a dip in borrowing costs that revived activity. That’s according to Nationwide’s closely-watched index. The average cost of a home edged 0.2% higher in November from the month earlier. Economists had expected a 0.4% drop.
https://www.bloomberg.com/news/articles/2023-12-01/uk-house-prices-unexpectedly-rise-as-mortgage-costs-dip
