Nationwide sees a ‘Modest’ increase in UK House Prices

property news  : Nationwide sees a Modest increase in UK House Prices Image (NationwideHPI)

 Key facts from the Nationwdie May HPI:

  • Price of a typical home increased by 0.4% in
    May and was 1.1% higher than May 2012
  • The typical UK home is now worth £167,912

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

“House prices edged up by 0.4% in May, providing further support for the view that the housing market is gradually gaining momentum. The three month on three month measure of house prices, which is a smoother measure of the underlying trend, has been in positive territory since October last year. The annual rate of house price growth also ticked up to 1.1% in May – the fastest pace since November 2011.

“It’s not just prices – a number of measures of housing market activity have also started to move higher. In the first four months of 2013 the number of property transactions was running at around 5% above the monthly average prevailing in 2012. The number of mortgage approvals for house purchase in the first quarter of 2013 was also around
4% above last year’s monthly average.

property news  : Nationwide sees a Modest increase in UK House Prices Image (AlecSignature)

Related posts:

Property Investment Seminar, ticket sales donated to rebuilding Haiti fund
What if you could listen to seven of the UK's top property investment strategists on one day and in...
Interview with Julie Hanson
I was interviewed by Des recently about my property strategy and tips for investors. You can listen...
Halifax sees different to Nationwide, with an HPI Increase
The Halifax House Price Index for March 2013 reports a slightly different picture to that of the Nat...