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Nationwide Building Society has announced this morning that annual house price growth softened slightly to 1.8% in November, down from 2.4% in October.

Despite this, house prices rose by 0.3% month on month, once again showing the market's resilience.

Nationwide Chief Economist, Robert Gardner, said: “November saw a slight softening in the rate of annual house price growth to 1.8%, from 2.4% in October. However, prices increased by 0.3% month on month, after taking account of seasonal effects.

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“The housing market has remained fairly stable in recent months, with house prices rising at a modest pace and the number of mortgages approved for house purchase maintained at similar levels to those p

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