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.
The below chart shows that London house prices have posted a 1.9% rebound since bottoming in August 2018:
Meanwhile, transaction volumes are rising modestly nationally, but are down in London:
YOU MAY ALSO BE INTERESTED IN
Vancouver's housing bust coming to an end?
The Teranet-National Bank House Price Index for
Vancouver's vacant property tax enrages Chinese speculators
Vancouver's speculation and vacancy tax is
Vancouver house prices keep falling
The Teranet-National Bank House Price Index for
Vancouver house prices continue to fall
By Leith van Onselen The Teranet-National Bank