Nationwide Building Society has reported that UK house prices rose sweetly by 1.2% in May bringing the average house price there up to £154,016 (€178,110). This is the second time in the past three months that UK prices have risen causing an outburst of excitement and spurring on rumours that the depressed property is coming to an end.
Due to low house prices and ... historically low and attractive interest rates Estate agents in the UK have recently witnessed floods of potential buyers arriving into their offices. However Nationwide has warned it maybe to soon to pop the champagne, as any recovery of the property market is likely to be gradual one.
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