UK house prices rise at fastest rate since 2004 amid stamp duty rush

Nationwide says all areas of the country recorded growth, with London prices increasing by 7.3%

House prices in the UK are growing at the fastest annual rate in 17 years, with all regions picking up, according to Britain’s biggest building society.

The average price of a UK home rose 0.7% in June from May to £245,432, taking the annual rate to 13.4% – marking the highest annual growth rate since November 2004, said Nationwide building society in its monthly report.

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