‘Surprising’ rise in property prices…

For sale signs outside houses

Gareth Lewis, commercial director of property lender MT Finance, says it is surprising UK house prices rose in November, according to data from Halifax, especially given the current climate.

“Given that we are still in a period of great uncertainty, with an impending general election and unknown consequences regarding the outcome and impact that will have on Brexit, the uplift in property prices is hugely positive,” he said.

“Surprisingly, there is clearly still confidence in the housing market, perhaps boosted by mortgage affordability and job security.

“This suggests people want to buy, although there is an underlying nervousness as to what lies ahead with Brexit or a potential hung parliament.”