UK house prices rebounded unexpectedly in May, data from Nationwide Building Society showed Monday.
House prices grew 0.5 percent on a monthly basis, in contrast to the 0.6 percent fall in April. Prices were expected to remain flat.
Year-on-year, house price growth edged up to 3.5 percent from 3.4 percent in April.
Nationwide's Chief Economist Robert Gardner said there was a notable increase in housing property transactions in March as buyers brought forward their purchases to avoid stamp duty costs.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.