U.K. House Prices Increase Most in 18 Months, Nationwide Says
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U.K. house prices increased the most in 18 months on an annual basis in May as the recovery in the market for residential property gained momentum, Nationwide Building Society said.
Prices rose 1.1 percent from a year earlier, the most since November 2011, the Swindon, England-based customer-owned lender said in an e-mailed statement today. They climbed 0.4 percent from April to an average 167,912 pounds ($254,000).