House prices rise as growth accelerates

Annual house price growth in the UK rose to 2.5% in November, up from 1.9% in October, with the average price reaching £271,000, according to the Office for National Statistics (ONS). Notably, property values in England increased to £293,000 (2.2%), while Scotland experienced a significant rise to £193,000 (4.5%). The North East of England saw the highest inflation at 6.8%, and London faced a decline of 1.2%, as prices fell at the fastest rate since the global financial crisis.