By Wiktor Szary
LONDON--U.K. house prices grew only slightly on the month in November, a British lender's data showed Thursday, suggesting that the housing market may have cooled a little in the months following the Brexit vote.
Prices were up by 0.1% in November compared with the previous month, Nationwide Building Society said, after they saw no monthly growth in October. Compared with November last year, house prices grew by 4.4%, less than the 4.6% annual growth seen in October.
Whether house prices hold up in the aftermath of the June 23 vote to leave the European Union matters to the overall health of the world's fifth-biggest economy.Over the past three decades, U.K. households have cut spending every time that house prices have fallen.
Earlier this week, the Bank of England said the number of new mortgages in the U.K. rose to a seven-month high in October after it fell to a near two-year low soon after the referendum.
Write to Wiktor Szary at Wiktor.Szary@wsj.com
(END) Dow Jones Newswires
December 01, 2016 02:36 ET (07:36 GMT)
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