UK house prices rise 5% yr on yr in September- Nationwide
Prices rose by 0.9% from August compared with a median forecast of a 0.5% month-on-month increase, in a Reuters poll of economists. Nationwide said prices were 5% higher than a year earlier. The Reuters poll had pointed to a 4.5% annual increase.
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- United Kingdom
British house prices rose 5% annually in September, mortgage lender Nationwide said on Wednesday, the highest level since September 2016 and the latest sign of a sharp rebound in the country's housing market after the coronavirus lockdown. Prices rose by 0.9% from August compared with a median forecast of a 0.5% month-on-month increase, in a Reuters poll of economists.
Nationwide said prices were 5% higher than a year earlier. The Reuters poll had pointed to a 4.5% annual increase.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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