Nationwide: UK general election won’t hit property market as house prices bounce back

The latest Nationwide House Price Index for May 2024 shows average prices rose on a monthly basis for the first time since February – is now a good time to buy a property?

Person holding removal boxes
(Image credit: Getty Images)

House prices have increased on a monthly basis for the first time since February 2024 in a sign of renewed confidence among buyers and sellers, Nationwide claims.

The latest Nationwide House Price Index shows average house prices rose by 0.4% in May to £264,249.

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
Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.