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House prices continue rapid rise

House prices rose by 1.1% in November compared with the previous month and were up 7.7% from a year earlier, the Halifax says.

House prices across the UK have dropped back slightly, according to the Office for National Statistics (ONS).

Increased demand for homes has led to the ninth consecutive monthly increase in UK house prices, according to the Halifax.

Jonathan Portes, director of The National Institute of Economic and Social Research (NIESR), discusses an upturn in the economy.

UK house prices rise again, and are now 5.8% higher than this time a year ago, says Nationwide.

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