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Evening Standard
Evening Standard
Business
Jonathan Prynn

UK house prices rise despite successive interest rate hikes — and show no sign of a dramatic slowdown

United Kingdom Nationwide Inflation

The property market continues to defy gravity with a tenth successive monthly house price rise

(Picture: Daniel Lynch)

The bouyant property market continues to defy gravity despite four interest rate rises from the Bank of England since December, latest figures show today.

Building society Nationwide, one of Britain’s biggest mortgage lenders, said the average price of home in the UK rose 0.9 per cent in May — the tenth successive monthly rise — to £269,914.

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