05/06/2022
Double-Digit House Price Growth, But Market Set To Slow
> Annual house prices up 11.2% in May
> Rate of annual growth slower than last month
> Average UK home costs £269,914 – 6.9 times average earnings
House price increases in May remained firmly in double digits with average values 11.2% higher than 12 months ago. However, in further evidence of a cooling market, the figure was down on April’s 12.1%, according to the latest house price data from Nationwide.
Could this be a sign that the property market is set to slow?