Growth in British house prices in November picked up speed for the first time since March although price increases may slow in the coming months, mortgage lender Halifax said on Wednesday.
British house prices will rise 2 percent next year, less than what is expected from inflation and held back by uncertainty around Britain's decision to leave the European Union, a Reuters poll of analysts found on Monday.
Britain built the largest number of new homes since the global financial crisis during the year to the end of March, annual figures showed on Tuesday, as the economy picked up and the government took steps to tackle Britain's housing shortage.
British house prices were unchanged in October after rising in monthly terms each of the previous 15 months, mortgage lender Nationwide said
The bounce back in Britain's economy from the initial shock of the Brexit vote has expanded to the country's recruitment and housing markets, according to two surveys which previously painted a bleak outlook.
British house builder Berkeley Group said the property market in August, traditionally a quiet month, had stabilised after a jump in cancellations in the wake of June's vote to leave the European Union.
British house price rises picked up speed in August and households recovered some confidence which had plunged after June's Brexit vote, according to surveys that added to signs of calm among consumers after the unexpected referendum result.
British banks approved more mortgages in May than in April suggesting the housing market remained resilient despite changes in the tax system.
Britain's decision to quit the European Union led to sharp falls in property-related stocks on Friday on the expectation the recent cooling of both residential and commercial markets will deepen.
British house prices are set for their first fall in nearly four years over the next few months as the European Union referendum and a new tax on landlords turn buyers away, property valuers said on Thursday.
British house prices rose faster than forecast last month, rebounding from a dip in April caused by a new tax on rental property, figures from mortgage lender Halifax showed on Tuesday.
