US EditionUK house prices rise 3.5% y/y in May, Nationwide says
- UK house prices rose 3.5% annually in May 2025, with the average price reaching £273,427 according to Nationwide Building Society.
- This increase followed a surge in transactions in March due to a stamp duty holiday ending, which caused many buyers to bring forward purchases.
- Mortgage lenders have recently trimmed rates and eased borrowing criteria, helping buyers amid ongoing affordability pressures and wider economic uncertainties.
- Robert Gardner, Nationwide's chief economist, noted supportive conditions for buyers including low unemployment, rising wages, strong household balance sheets, and likely moderate borrowing costs.
- These factors suggest the market may see further price increases if interest rates fall, though some buyers may delay moves due to economic uncertainty and affordability constraints.
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22 Articles
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Center
6
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Total News Sources22
Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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