Nationwide: house price growth slowed modestly in May

Annual UK house price growth slowed modestly in May to 11.2%, from 12.1% in April, according to the latest Nationwide House Price Index. Prices are up 0.9% month-on-month, after taking account of seasonal effects. Robert Gardner, Nationwide’s Chief Economist, said: “May saw a slight slowing in the rate of annual house price growth to 11.2%,…

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