U.K. house prices are rising rapidly, Nationwide says

09/27/2013 | Guardian (London), The

The average U.K. house price is increasing 5% annually nationwide and 10% in London, according to Nationwide Building Society. Housing-policy critics say the government is backing programs that are creating a bubble. "The acceleration in house-price growth from the subdued pace prevailing throughout 2011 and 2012 has been surprisingly quick, though house prices are still some way below their previous peaks in most parts of the country," Nationwide Chief Economist Robert Gardner said.

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Guardian (London), The

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