UK House Prices Grow at a Surprising Rate in May - Forex News by FX Leaders
British house prices

UK House Prices Grow at a Surprising Rate in May

Posted Friday, May 31, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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