Economics
U.K. House Prices Rose Before Pandemic Froze the Property Market
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U.K. house prices rose last month before the full extent of the impact of the coronavirus pandemic hit the market, according to Nationwide Building Society.
Values climbed 0.7%% in April, the mortgage lender said Friday, while noting that the figures didn’t fully capture the effect of the crisis. From a year earlier, prices rose 3.7% -- the fastest pace since February 2017 -- a sign values were picking up before the virus hit.