Nationwide House Price Index May

June 1, 2016

The Nationwide house price Index for May released today headlines “Pace of House Price Growth broadly stable in May”.

House prices increased by 0.2% in May, the same as the previous month.

Annual house price growth slows to 4.7% from 4.9% in April.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist said: “UK house prices edged up 0.2% in May and, as a result, the annual rate of house price growth was little changed at 4.7%, compared with 4.9% in April.

“The annual pace of house price growth remains in the fairly narrow range between 3% and 5% that has been prevailing for much of the past twelve months.

“In the near term, it’s going to be difficult to gauge the underlying strength of activity in the housing market due to the volatility generated by the stamp duty changes which took effect from 1 April.

“Indeed, the number of residential property transactions surged to an all
-time high in March, some c11% higher than the pre-crisis peak as buyers of second homes sought to avoid th e additional tax liabilities.

To read the rest of Robert Gardners comments and see the House price Index in full click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Hipster hotspots drive market activity south of the river

The latest research from leading London lettings and estate agent, Benham and Reeves, has revealed that while more homes have sold north of the River Thames over the last 12 months, it’s south of the river that is seeing more homes sold on average per borough, driven by the popularity of hipster hotspots such as…
Read More →
Estate Agent Talk

Yarmouth named the UK’s most prestigious marina

The latest research from eXp UK has found that living close to some of the nation’s most idyllic marinas comes at a significant cost, with Yarmouth Harbour topping the list for the highest house price premium in the country at 61.3% eXp UK analysed the housing markets surrounding 21 of the UK’s most picturesque marinas…
Read More →
LIVING BY THE SEASIDE 2022
Breaking News

Whitby crowned most exclusive coastal location

The latest research from Yopa has revealed that while Brighton in the South East is home to the highest monthly coastal mortgage cost, it’s Whitby in North Yorkshire that commands the highest premium when compared to the wider region, with the average monthly mortgage sitting payment 33.7% higher than the Yorkshire and the Humber average.…
Read More →
Breaking News

ONS report on private rental affordability

Private renters on a median household income could expect to spend 36.3% of their income on an average-priced rented home in England, compared with 25.9% in Wales and 25.3% in Northen Ireland in 2024. Private rental affordability has fluctuated since 2016 but remained above the 30% affordability threshold in England, while it moved below the…
Read More →
Breaking News

End of August Will See an 84% Increase in UK House Moves

The last week of August is always a busy time for moving, with an average of 3.5% of all yearly moves taking place in that week, being the busiest week for moving in 2023 and the second busiest week for moving in 2024. 2025 is expected to be no different and should see a larger…
Read More →
Damaged timber from Dry Rot
Breaking News

Surveying capacity is being outpaced by compliance demand

The surveying industry has a problem: the shrinking capacity of surveyors is coming face to face with an increased compliance demand. Expert insight from Property Inspect suggests that increasing the workforce alone is not enough to fix the problem. The profession must also be equipped with Golden Thread compliant evidence packs that accelerate building safety…
Read More →