UK house prices rise at fastest rate since 2004 amid stamp duty rush

Nationwide says all areas of the nation recorded progress, with London costs growing by 7.three%

Home costs within the UK are rising on the quickest annual fee since late 2004, with all areas choosing up, in line with Britain’s largest constructing society.

The typical worth of a UK house rose zero.7% in June from Might to £245,432, taking the annual fee to 13.four% from 10.9% – marking the very best annual progress fee since November 2004, stated Nationwide constructing society in its month-to-month report.