- Analytics
- News and Tools
- Market News
- U.K. Nationwide house price index rises 0.3% in May
U.K. Nationwide house price index rises 0.3% in May
The Nationwide Building Society released its house price index for the U.K. on Wednesday. The U.K. Nationwide house price index increased 0.3% in May, in line with expectations, after a 1.0% rise in April.
On a yearly basis, the U.K. Nationwide house price inflation was up to 4.6% in May from 5.2% in April. It was the slowest rise since August 2013.
Analysts had expected the index to drop to 4.7%.
"However, much will depend on supply side developments. In recent years the rate of building activity has remained well below that required to keep up with population growth," Nationwide's chief economist Robert Gardner noted.
He added that the house price increase is expected "to converge with earnings growth, which has typically been around 4 percent per annum".
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
