UK house prices posted a faster-than-expected growth and ended 2024 on a strong footing, the Nationwide Building Society said Thursday.
House prices grew 4.7 percent year-on-year in December, faster than the 3.7 percent increase in November and also came in stronger than economists' forecast of 3.8 percent gain.
At the same time, on a monthly basis, house price inflation softened to 0.7 percent from 1.2 percent in November. Prices were expected to climb only 0.1 percent.
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by Renju Jaya
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