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UK house price growth hits 10-month high in April: Nationwide

[LONDON] British house prices rose at the fastest monthly pace since June last year, a survey from mortgage lender Nationwide showed on Wednesday in another sign that the housing market might be starting to regain momentum.

Nationwide said house prices rose 1.0 per cent in April, topping all forecasts in a Reuters poll of economists and compared with growth of 0.1 per cent in March.

On an annual basis, house prices rose 5.2 per cent, speeding up from 5.1 per cent a month earlier - the first increase in annual house price growth in seven months and comfortably beating expectations for a rise of 4.1 per cent.