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UK: House prices show modest increase

Posted on 01 June 2012

House prices have managed to weather the recession by recording their first monthly increase since February, a study said. Prices increased modestly by 0.3% month-on-month in May following a 0.3% drop in April, with a lack of homes on the market helping to keep prices up, Nationwide said.
House prices are 0.7% lower than they were a year ago and stand at £166,022 on average, although this is a smaller drop than the 0.9% year-on-year decline seen in the previous two months………………………………………..Full Article: Source


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