UK House Prices Rise by Most in Nearly 7 Years – Halifax

LONDON (Reuters) – British house prices in May were 9.5% above a year earlier, their biggest annual increase in nearly seven years, mortgage lender Halifax said on Monday.

House prices in May were 1.3% above in April, once they rose by 1.5%. Economists polled by Reuters had on the average forecast a 1.2% monthly increase and a ten .0% annual rise.