Nationwide HPI April

According to the Nationwide House Price Index (HPI) April report released today, the annual pace of house price growth moderates in April.

House prices increased by 0.25% in April, down from the 0.7% in March.
Annual house price growth slows to 4.9%, down from 5.7% in March.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “While UK house prices edged up 0.2% during the month of April, the annual rate of house price growth moderated to 4.9% from 5.7% in March.

“This slowdown returns the annual pace of house price growth to the fairly narrow range between 3% and 5% that had been prevailing since the summer of 2015.

“It may be that the surge in house purchase activity resulting from the increase in stamp duty on second homes from 1 April provided a temporary boost to prices in March.

“However, it is possible that the recent pattern of strong employment growth, rising real earnings, low borrowing costs and constrained supply will tilt the demand/supply balance in favour of sellers and exert upward pressure on price growth once again in the quarters ahead.

To read the rest of the comments and to see the HPI report in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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