UK house prices rose 13.4% in the year to June, the fastest pace since November 2004, the Nationwide has said. The building society said the average house price increased to £245,432 from £216,403 in June 2020. The Nationwide bases the findings on its own mortgage data. It said while the rapid annual growth was partly due to prices being "unusually weak" during the first lockdown last year, the market continued to "show significant momentum". Read more on the BBC website.
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