Data to start the week showed UK’s Nationwide house price index climbed by 4.1% month over month, with the typical asking price for a home climbed to £233,252. That was the best reading in nearly 10 years. The report said that the surprisingly strong spring price pump was triggered by rising seller confidence due to a lack of homes for sales in more affluent areas. Above you can see the Nationwide house price index over the last 2 year,with a rebound in prices to start the year. That is a positive fundamental development for the UK economy. Last week we saw UK retail sales rise 0.9% on the month beating expectations ... (full story)