The price of a typical UK home increased by 0.4% in May and was 1.1% higher than May 2012, according to the latest data from Nationwide.
The typical UK home is now worth £167,912.
Robert Gardner, Nationwide's Chief Economist, said: "House prices edged up by 0.4% in May, providing further support for the view that the housing market is gradually gaining momentum. The three month on three month measure of house prices, which is a smoother measure of the underlying trend, has been in positive territory since October last year. The annual rate of house price growth also ticked up to 1.1% in May - the fastest pace since November 2011.
scottfraser are proud to have won several prestigious awards for lettings and property mangement, residential sales and numerous developments.
Our vision of creating a landmark development in Headington for our lettings and residential sales office in 2005 was made possible when scottfraser teamed up with Riach Architects. The use of high quality materials used in a contemporary manner and very close attention to detail ensured recognition at both the RIBA South East Ibstock Downland awards in 2005 and the Oxford Preservation Trust Awards in 2006.
In 2009 scottfraser were further recognized by The Oxford Preservation Trust for their achievements at Lime Tree Mews in Headington, designing and building a purpose built office complex and nine residential apartments.