Surprise jump in house prices with fastest rise in two years – as experts warn they will continue to increase

House prices unexpectedly surged in November, rising 1.2% month-on-month to an average of £268,144, just 1% below the all-time high. Experts predict prices will continue to climb as buyers rush to secure deals before changes to stamp duty take effect, pushing demand higher and potentially driving prices further up in the coming months. The annual price rise to last month was 3.7%, the fastest increase since November 2022, despite upcoming changes that will see first-time buyers paying the levy on purchases over £300,000 starting next spring.

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