Nationwide: Annual house prices nudge higher after post-stamp duty change slump

Conditions for potential home buyers in the UK are good, experts say

model of a house next to coins
(Image credit: Getty Images/sakchai vongsasiripat)

House prices edged higher in the year to May, according to the latest Nationwide House Price Index, beating back previous figures that showed a slowdown.

The annual rate of house price growth increased marginally in May to 3.5%, compared to 3.4% in April. The April figures were a significant drop from the 3.9% growth seen in March.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites