Nationwide reports ‘modest rebound’ in house prices with 0.4% growth in May

By Olivia Barber2024-05-31T11:14:00

Bank’s chief economist says market showing resilience with election not expected to generate significant change

The latest Nationwide House Price Index shows a 0.4% increase in house prices in May compared to the previous month, taking into account seasonal adjustment factors.

The average non-seasonally adjusted house price has risen by 0.9% from £261,962 last month to £264,249 in May.

The annual house price growth has more than doubled from 0.6% in April, to 1.3% this month.

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