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UK House Prices Rise Slightly In May

UK house prices increased marginally in May, reports said citing data from the property website Rightmove on Monday.

House prices edged up 0.1 percent from the last year, reversing a 0.1 percent drop in April. Meanwhile, asking price of a home in London declined 2.5 percent annually to GBP 621,589.

Nationally, asking prices rose to GBP 308,290 in May.

On a monthly basis, house prices grew 0.9 percent in May after gaining 1.1 percent in April which was the biggest rise for over a year.

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