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| UK house prices accelerate by 7.7% in November | UK house prices accelerate by 7.7% in November |
| (about 1 hour later) | |
| House prices across the UK accelerated in the year to November, rising 7.7%, according to the Office for National Statistics (ONS). | House prices across the UK accelerated in the year to November, rising 7.7%, according to the Office for National Statistics (ONS). |
| In the year to October, prices increased by 7%. | |
| The East of England continued to see the sharpest increase, at 10.2%, with London and the South East seeing rises of 9.8%. | The East of England continued to see the sharpest increase, at 10.2%, with London and the South East seeing rises of 9.8%. |
| Prices in Scotland and the North East of England saw the slowest growth, at just 0.4%, the ONS said. | Prices in Scotland and the North East of England saw the slowest growth, at just 0.4%, the ONS said. |
| The average cost of a home rose to £288,000, a new record. | The average cost of a home rose to £288,000, a new record. |
| Earlier this month, the UK's largest lender, the Halifax, said prices rose by 9.5% in 2015, the fastest rise since 2006. | Earlier this month, the UK's largest lender, the Halifax, said prices rose by 9.5% in 2015, the fastest rise since 2006. |
| The Nationwide estimated that the rise was much smaller - just 4.5%. | The Nationwide estimated that the rise was much smaller - just 4.5%. |
| The difference between house price surveys is explained here. | The difference between house price surveys is explained here. |