British monthly house price growth remained slow in May after the government added a tax surcharge on the purchase of properties for rental and second homes in April.

This is according to the latest survey from mortgage lender Nationwide. 

House prices rose 0.2% in May from April, Nationwide said, a bit slower than a median forecast for an increase of 0.3% in a Reuters poll of economists. 

The increase matched the rise in April and was the joint weakest since November. 

In year-on-year terms, UK house prices rose by 4.7%, slowing from 4.9% in April and in line with a forecast in the Reuters poll.