It's the second house price rise in three months, 1.2% in May, leaving the average house price 11.3% lower than this time 12 months ago, after a 15% gap in April. Nationwide's chief economist is - however, cautious... pointing to similar small bounces during the early 90s and daring to hope - at most - that the data might translate into a moderation of the rate of fall. More here.

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