-May House Prices unch. m/m; +2.3% y/y

LONDON (MNI) – House prices were flat on the month in May following
a sharp rise in April, figures from National Statistics showed Tuesday.

On a seasonally adjusted basis, house prices were unchanged on the
month and up 2.3% on the year, following an increase of 1.1% on the
month in April.

The data showed first time buyer prices rising 1.1% after a sharp
decline last month, while former owner occupier prices fell 0.4% on the
month, following a 2.3% rise in April.

-London bureau: 0044 20 7862 7491; email: puglow@marketnews.com

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