Nationwide’s most recent index recorded a 0.3% increase in UK house prices for November.

While a modest rise, it aligns with a broader picture of gradual stabilisation after more significant fluctuations earlier in the year.

A Small Yet Meaningful Monthly Increase

The 0.3% rise does not signal a major upswing, but it suggests that buyer activity has not weakened further.

Many analysts view this as a sign that the market may be settling, especially as inflation continues to ease.

Regional Variation Continues to Drive the Market

Not all regions experienced increases. According to reports:

Some parts of London and the South East continued to see mild declines
Many regional cities, such as Birmingham, Manchester and Leeds, recorded steadier conditions
Affordability remains the biggest factor influencing outcomes locally

This aligns with ongoing trends of stronger performance outside the highest-priced southern regions.

Several major lenders have reduced fixed-rate mortgage products in recent months.

While rates remain elevated by historical standards, this easing has helped encourage more enquiries from potential buyers.

Industry sentiment suggests a cautiously stable forecast heading into early 2026, with regional markets likely to outperform higher-priced areas.

Much depends on how interest rates evolve in the coming months.

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