Nationwide says house prices up

House prices edged up in November, beating expectations despite a weak economy, but activity remains subdued and prices are more likely to dip in the next 12 months, Nationwide said yesterday. House prices rose 0.4 per cent from October on a seasonally adjusted basis, their third straight monthly increase. Prices were 1.6 per cent higher than a year ago, but the increase highlighted a lack of housing supply rather than any real pick-up in demand, Nationwide said. The latest figures are in contrast to those released by the Land Registry yesterday, which showed prices are falling across the UK.