UK house prices rise by most in six years - Nationwide

British house prices rose faster than expected in December to record their biggest annual increase in six years, as tax incentives and COVID-driven appetite for larger homes continued to boost demand, mortgage lender Nationwide said.

House prices rose by 0.8 per cent in December alone, barely slowing from the 0.9 per cent recorded in November, and were 7.3 per cent higher than a year earlier, well above forecasts in a Reuters poll for a 6.7 per cent rise.