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House prices rising at slowest rate for 5 years

Series: Financial Times ; 1 May 2001, 6(1)Publication details: 2001Subject(s): Summary: Figures released by the Nationwide show that average house prices rose by an annual 6.6% in April and by 0.8% on the previous month. The rise, the smallest since August 1996, means that the average house price was £86,244. Mortgage lending, however, reached a record £6.5bn in March, according to the British Bankers' Association. http://www.nationwide.co.uk/hpi/.
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News article London News article 1 Available 112331-1001

Figures released by the Nationwide show that average house prices rose by an annual 6.6% in April and by 0.8% on the previous month. The rise, the smallest since August 1996, means that the average house price was £86,244. Mortgage lending, however, reached a record £6.5bn in March, according to the British Bankers' Association. http://www.nationwide.co.uk/hpi/.