House Prices Rise By 9.5% After December Surge
In the three months to December house price inflation was 1.6%, the second successive month growth was below 2%.
The biggest price rises took place in Newham in London, where the typical house price was 22% higher than the previous year.
New instructions by home sellers fell in November for the 10th successive month, contributing to available stock declining for the eighth month in a row.
Despite the lack of stock homes sales from September to November were 5.2% higher than in the same three months last year.