UK house prices rise despite budget tax fears, says Nationwide

‘Mansion tax’ announced by Rachel Reeves will have limited impact on property market, building society says

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UK house prices rose last month despite uncertainty before the budget, according to Nationwide, which predicted that the newly announced “mansion tax” would have a limited impact on the housing market.

The UK’s biggest building society said the average house price rose 0.3% month on month in November, higher than a 0.1% increase predicted by economists polled by Reuters. The average price of a home was £272,998, up from £272,226 in October.

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Source: www.theguardian.com

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