Annual pace of growth hits 11.2%, the highest seen in January in 17 years
Demand fuelled by consumers seeking to escape urban areas
Pent-up demand due to Covid-19, and stamp duty relief, drive fastest growth in 16 years
Report says average UK house-price growth slumped last year to lowest levels since 2013
Economists polled by Reuters expected a house price decline
Nationwide index suggests prices fell by 0.2 per cent month-on-month in May
Home prices in the English capital rose 3.7% in 2016 from a year earlier
Nationwide points to low borrowing rates as sign that market beginning to strengthen
Average UK house price stood at £196,930 last month — 4.8 per cent higher than year earlier
Prices still supported by shortage of properties for sale on the market
Annual rate of price increases is now at its lowest in two years, Nationwide says
Prices in May were 4.6 per cent higher than a year before
While house prices are rising pace of activity has been ’subdued’ in recent months.
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