What’s going on with UK house prices?
The latest house price data feels about as clear as mud. According to Rightmove, there was a smaller than usual monthly increase of 0.6 per cent in May, leaving prices up just 1.2 per cent on this time last year. But by Nationwide’s measure, annual house price growth was a more buoyant 3.5 per cent. And according to the official UK House Price Index (HPI), the latest monthly rise was 1.1 per cent, leaving house prices 6.4 per cent higher year on year.IndexRightmoveNationwideUK HPIMonthly house price increase (%)0.60.51.1Annual house price...
