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UK house prices see 'modest' rise

UK house prices rose by 0.4% in May, according to the Nationwide, as the property market gradually gains momentum.

US house prices in March were up 10.9% from a year earlier, the best annual rise in seven years, according to a closely-watched survey.

House prices rise by 1.1% in April compared with the previous month but activity in the market remains subdued, according to the Halifax.

UK house prices fell by 0.1% in April compared with the previous month, according to a survey by the Nationwide.

House prices over the first three months of the year rose by 1.1% compared with the same period last year, says the Halifax.

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