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The Nationwide Building Society released its house prices data for the U.K. on Friday. UK house prices were up 0.1% in November, missing expectations for a 0.5% rise, after a 0.5% increase in October. October's figure was revised down from a 0.6% gain.
On a yearly basis, house prices fell to 3.7% in November from 3.9% in October. Analysts had expected house prices to rise by 4.2%.
"While this bodes well for a sustainable increase in housing market activity in the period ahead, much will depend on whether building activity can keep pace with increasing demand," Nationwide's chief economist, Robert Gardner, said.
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