UK house prices return to growth as market ‘shows signs of resilience’

By: Zoe Wood and agency

31 May 2024 at 07:46

Rate more than doubles to 1.3% in May and average property price rises to £264,249, Nationwide says

UK house prices returned to growth in May amid signs of market “resilience” after two months of falls, according to a building society.

The average property price in Britain rose 0.4% month on month to £264,249, after a similar-sized fall of 0.4% in April, Nationwide said.