UK house price growth hits seventh-month high - Nationwide
House prices grew more than expected in November, hitting a seven-month high but remaining "subdued", according to the latest survey from Nationwide.
House prices were up 0.5% on the month, which was an improvement on 0.2% growth in October and better than expectations of a 0.1% increase.
On the year, house prices rose 0.8% in November, up from 0.4% the month before and ahead of expectations of 0.2% growth. This also marked the strongest jump since April.
Nationwide's chief economist, Robert Gardner, said: "Indicators of UK economic activity have been fairly volatile in recent quarters, but the underlying pace of growth appears to have slowed as a result of weaker global growth and an intensification of Brexit uncertainty. To date, the slowdown has largely centred on business investment, while household spending has been more resilient."
Gardener said Nationwide had analysed house price movements in the months around previous elections, and also the 2016 EU referendum.
"On the whole, prevailing trends have been maintained just before, during and after UK general elections. Broader economic trends appear to dominate any immediate election-related impacts.
"It appears that housing market trends have not traditionally been impacted around the time of general elections. Rightly or wrongly, for most home buyers, elections are not foremost in their minds while buying or selling their home."