Insert Logo text
Trusted media brand of the Chartered Institute of Housing
Housing Today
Trusted media brand of the Chartered Institute of Housing
House prices grow marginally in May as transaction volume slumps
Prices rose 0.5% since March, as HMRC records 66% decline in transactions
Annual house prices increased marginally in May to 3.5%, compared to 3.4% in April, according to the latest index from Nationwide.
House prices were up 0.5% month on month, with the average UK home now worth £273,427.
There was a significant drop in the number of residential property transactions in April, following the spike seen in March as buyers tried to beat the rising price of stamp duty.
Login or Register for free to continue reading Housing Today
To continue enjoying housingtoday.co.uk, REGISTER FOR FREE
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
- Breaking industry news as it happens
- Gain access to Housing Today’s Specialist CPD modules
- Expert News and analysis
It takes less than one minute….
Join the Housing Today community - REGISTER TODAY
… or subscribe for full access - Subscribe now