London drives UK house price rebound

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By Leith van Onselen

Acadata has released its latest house price results for the UK, which shows that annual price growth climbed back into the black driven by a rebound in London:

In the year to May, UK house prices climbed by 0.3% (up from -0.1% in April), driven by Greater London where value losses fell to -0.2% from -2.1% in April.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.