House prices surge 10.9% in year to May but could ‘fall back down to earth’ over summer

House prices soared by 10.9 per cent annually in May, marking the strongest growth in nearly seven years. The double-digit house price growth recorded in May followed a 7.1 per cent annual increase in April, according to Nationwide’s house price index. Across the UK, property values hit a new record average of £242,832 – up … Read more