Market Shows No Signs of Slowing
The housing market strengthened more in May, despite property economists forecasting a flattening market, says DCLG.


House prices continued to strengthen in May, according to data from the Department for Communities and Local Government (DCLG). The new figures contain little evidence of a fading market, quashing property economists' predictions. House prices increased by 1% in May - the fourth month in the last five to have witnessed growth of 1% or more. The result is a far cry from last May, when house prices rose by a modest 0.5%. Scotland, the South West, South East and West Midlands led the market according to DCLG, with annual house price growth in London remaining unchanged at 7.1%. Yorkshire, Humberside and Wales were the only areas to experience a dip in prices.
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