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UK House Prices Grow at a Surprising Rate in May

According to data released by Nationwide, house prices in Britain grew at a surprisingly low rate of 0.6% in May, down from 0.9% in April – touching the slowest growth rate in three months.

The figure beat economists’ expectations which were for a 1.2% rise in house prices during May. House prices across the UK, except in London, have been rising higher. In London, house prices are falling over Brexit uncertainty and some tax changes.

Economists expect the trend in house prices to continue in this manner in the coming months, fueled especially by the political upheaval and Brexit tensions.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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