Nationwide House Price Index: House prices leap 11%

Nationwide Building SocietyThe latest figures released this week, show house prices continue to rise at a starling pace. According to the Nationwide, the UK’s largest building society, house prices have leapt by 11.1% over the past 12 months, taking the value of the average home to £186,512. May was the 13th month in a row when prices have risen, with an increase of 0.7%, although this was down slightly on April’s 1.1% rise. Slowdown ahead? Despite the seemingly unstoppable rise in house prices, there are perhaps signs that the mortgage market is starting to ...