House prices showed an annual rise in all regions of the UK in May for the first time since January 2008, official figures show, as mortgage availability and confidence continued to grow.
The Office for National Statistics (ONS) said that house prices increased by 0.3% in May, and were up by 2.9% on the previous year. It put the average price of a UK home at £239,00.
First-time buyers faced a bigger increase, paying 4.1% more for homes than in May 2012, and an average of £181,000.
via The Guardian
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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