Annual house price growth breaks 10%

The building society’s figures suggest prices rose 0.9% this month, pushing the annual rate of price inflation to 10.2% and taking the average price of a home in the UK to £180,314. But the company says, over the long term, this trend is beginning to tail off. Prices increased by 2% between February and April - the lowest three-monthly growth rate since last August. Fionnuala Earley, chief economist at Nationwide, says: “While the monthly rise in prices is stronger than the [Bank of England] would have liked to see, it can take some comfort from the fact that the underlying trend is sof...