LONDON (Reuters) – British house prices rose by 10.9% in May compared with the same month last year, the biggest annual increase in nearly seven years, mortgage lender Nationwide showed on Tuesday.
House prices were 1.8% higher than in April, Nationwide said.
Economists polled by Reuters had expected prices to rise by 9.2% in annual terms and by 0.8% from April.
Writing by William Schomberg; Editing by Alistair Smout
