“UK house prices were largely static in May, edging down slightly by -0.1% or around £170 in cash terms. On an annual basis house prices rose for a sixth consecutive month, up by +1.5% vs +1.1% in April. The average property price now stands at £288,688. “Market activity remained resilient throughout the spring months, supported by strong nominal wage growth and some evidence of an improvement in confidence about the economic outlook. This has been reflected in a broadly stable picture in terms of property price movements, with the average cost of a property little changed over the last three months. -5.0 -4.0 -3.0 ... (full story)