Pursuits
U.K. House Prices Rise as Nationwide Flags Shortage Concerns
- Monthly price gain in September is biggest in five months
- Risk building lags demand, putting pressure on values
Residential housing in London.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
U.K. house-price growth accelerated in September, according to Nationwide Building Society, increasing the risk of an unsustainable pickup in the market.
Prices rose an annual 3.8 percent, up from 3.2 percent in August, the lender said in a statement on Wednesday. On a monthly basis, values increased 0.5 percent, the most since April.