UK house prices jump despite impact of Middle East conflict

Rise of 3% in April, the fastest annual pace in 11 months, leaves typical property worth £278,880, says Nationwide

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House price growth in the UK has surprised estate agents and economists by jumping in April at the fastest annual pace in 11 months, according to Nationwide.

The UK’s biggest building society said its mortgage data showed that house prices unexpectedly rose by 3% in April on a year earlier, from 2.2% in March, leaving the typical UK property worth £278,880.