British house prices in May were 3.5 per cent higher than a year earlier, monthly data from mortgage lender Nationwide showed this week, after an unexpected 0.5 per cent monthly increase largely reversed a fall in April.
Economists polled by Reuters had forecast a 0.1 per cent monthly increase and a 2.9 per cent annual increase.
The seasonally adjusted monthly increase was the largest since December, while the annual gain
