Economists polled by Reuters had mostly expected a 0.1% monthly rise.
"The market appears to be showing signs of resilience in the face of ongoing affordability pressures following the rise in longer term interest rates in recent months," Robert Gardner, chief economist at Nationwide, said. Britain's housing market slowed in 2023 as the Bank of England pushed interest rates to their highest since 2008. But expectations of lower borrowing costs have helped to push down mortgage rates and revive the market in recent months.
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