UK House Prices Rise for Third Consecutive Month, Market Resilience Exceeds Expectations

　　According to data from one of the UK's largest mortgage lenders, house prices in the UK rose for the third consecutive month, indicating that the market is holding up against the looming threat of tax increases ahead of the Labour government's budget announcement on November 26.

　　Nationwide Building Society said on Tuesday that average house prices rose by 0.3% to £272,998 in the month to November, following a revised increase of 0.2% in the previous month. This rise marks the third consecutive increase and is stronger than the 0.1% expected by economists.

　　Robert Gardner, chief economist at Nationwide, stated: "This performance demonstrates resilience amid weak consumer confidence and signs of softening in the labor market. The property measures announced in the Labour budget are unlikely to have a significant impact on the housing market."

　　Data from the Bank of England on Monday showed that the decline in mortgage approvals in October was smaller than expected, another sign of resilient demand.