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Evening Standard
Evening Standard
Business
Jonathan Prynn

Nationwide sees higher wages give a small Spring boost to property market

Falling inflation and rising wages appear to have given a small Spring boost to the “resilient” housing market, according to latest figures from lender Nationwide.

The lender said the average price of a home in the UK rose 0.4% in May to £264,249, following a 0.4% dip in April. That accelerated the annual rate of increase from 0.6% to 1.3%.

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