UK Rightmove House Prices MM (May) 1.2% (Prev. 0.8%)
Context
The latest data from Rightmove indicates a month-on-month increase of 1.2% in UK house prices for May, up from the previous 0.8%. This stronger-than-expected growth suggests a resilient housing market despite broader economic concerns, which could have implications for consumer sentiment and spending, as well as potential signals for future monetary policy considerations around interest rates.
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