Second consecutive monthly decline in house prices in April according to Nationwide
April 28, 2017
Nationwide House Price Index April 2017 report released today headlined ‘Annual house price growth slowest in nearly four years’.
The report reveals that house prices show second consecutive monthly decline in April, annual house price growth dips to 2.6%, weakest pace for almost four years.
The monthly change in April was -0.4% compared to -0.3% in March, the annual change in April was 2.6% compared to 3.5% in March.
Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “House prices recorded their second consecutive monthly fall in April, while the annual rate of growth slowed to 2.6%, the weakest since June 2013.
“In some respects, the softening in house price growth is surprising because the unemployment rate is near to a 40-year low, confidence is still relatively high and mortgage rates have fallen to new all-time lows in recent months”. more see full report
To read the Nationwide House Price Index April 2017 report and comments from Robert Gardner in full click here.
You May Also Enjoy
Budget Commentary – Mansion Tax, Business Rates & Planning Reform
Andrew Teacher, Co-founder at LauderTeacher, one of the UK’s leading advisors on real estate communications, investor relations and a former spokesman for the BPF, comments on the potential Budget. Mansion tax “Nobody likes paying tax, but the reality is a council tax revaluation is long overdue. Rather than distorting the market, which is what a…
Read More 
Budget 2025 market data & home-mover and agent insight
Speculation about property tax changes is fuelling uncertainty across much of the market Rightmove research found that home-movers would favour staggered stamp duty payments, while a poll of estate agents also suggested that staggered payments would be a preferable change to shifting payment to the seller Rightmove data on rumoured property tax changes Mansion Tax…
Read More 
Breaking Property News 24/11/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Symple resolves four core issues in the new Renter’s Rights Act Automating compliance in the new PRS landscape The Renters’ Rights Act has raised the bar for private landlords in England in terms of property condition, hazard resolution, evidence of compliance and regulatory registration. Symple…
Read More 
What does Rachel Reeves have in store for the UK property market?
With the Autumn Budget now just days away, speculation is mounting that the Chancellor, Rachel Reeves, will use property taxation as a central tool to address the widely reported fiscal shortfall of between £20bn and £40bn. As a result, the housing market has entered a period of caution, with asking prices falling 1.8 percent in…
Read More 
Why Property Guarantors Need Legal Advice Before Signing
When it comes to property deals, it’s natural to look for additional support, especially when you’re not fully confident about meeting the terms of the agreement. This is where a guarantor comes into play, as they step in to give the property owner some assurance. The idea of helping someone you trust can feel quite…
Read More
Breaking Property News 21/11/25
Daily bite-sized proptech and property news in partnership with Proptech-X. VE+ the new procurement engine cutting developers costs without compromise Finishes packages are specification sensitive and expensive components of any build – VE+ fixes this As construction costs continue to climb and procurement timelines tighten, developers and contractors are being pushed harder than ever…
Read More