The average UK house price increased by 3.5% annually in May, compared with 3.4% in April, Nationwide Building Society said. Property values increased by 0.5% month-on-month in May, following a 0.6% fall in April, taking the average UK house price to £273,427. #nationwide
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00:00Hello, I'm Greg Wright of the Yorkshire Post.
00:04The average UK house price increased by 3.5% annually in May,
00:11compared with 3.4% in April, according to the Nationwide Building Society.
00:17Property values increased by 0.5% month-on-month in May,
00:22following a 0.6% fall in April,
00:25taking the average UK house price to £273,427.
00:33Robert Gardner, who's Nationwide's Chief Economist,
00:37said that despite wider economic uncertainties in the global economy,
00:42underlying conditions for potential homebuyers in the UK remain supportive.