House prices edge higher in November

Ben Southwood
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HOUSING market saw another month of steady improvement in November, according to data from the Land Registry out yesterday.

Prices edged up 0.3 per cent across England and Wales in the second last month of the year, capping off an annual increase of 0.9 per cent, the government body said, highlighting the slow but steady upward trend in the market.

However, rising 2012 prices did not come out of an overall more busy market, the Land Registry data suggested. There were just 57,971 house sales between June and September last year, compared to 62,006 sales per month in that same period in 2011.

Meanwhile, London continued to outperform the rest of England and Wales. Prices were up 5.9 per cent on the year, dwarfing growth across the rest of the country, even though London prices crept up just 0.5 per cent in November.