From the blog…

House Prices move closer to October 2007 high

The average cost of a UK home rose by 0.5% during the month to stand at £169,162, according to Nationwide.

The increase, which followed gains of 1.1% and 1% in April and March respectively, came despite activity in the housing market remaining subdued.

Overall this means house prices are only 9.5% behind the record levels of October 2010.

A more detailed article can be found on