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
New analysis shows majority of estate agents complete HMRC AML registration
Just 5% of branches still need to register More than 24,000 UK estate agency branches have registered with HMRC for money laundering supervision – an increase of around 2,300 branches in just over a year, according to new analysis from client due diligence platform Thirdfort. Some 24,003 estate agent branches across the UK have registered…
Read More 
Gen Z could wait until 2044 to buy a home
Getting on the property ladder has never been tougher, and, for Gen Z, it could take up to 18 years to save a deposit in the UK’s least affordable cities, according to new research from Beswicks Legal, comparing 40 urban centres. The figures reveal that in places like Cambridge and London, Gen Z buyers may…
Read More 
Pressure on landlords takes shine off BTL rate cuts
Buy-to-let fixed rates dipped to their lowest points since September 2022, and choice rose to a record high, according to Moneyfactscompare.co.uk. However, landlords are facing financial challenges, and rumours of more tax reforms in the Budget could hit investors hard. • Average buy-to-let fixed rates over two- or five-year have dipped to their lowest…
Read More 
Three steps to pet-proof your property ahead of new pet laws
Landlords across the UK are set for one of the biggest shifts in rental regulation in years as the Renters’ Rights Bill edges closer to becoming law. While the bill aims to give tenants a greater right to keep a pet, a new analysis highlights the stark reality of demand versus supply: with a dog…
Read More 
Budget-Friendly Ways to Boost Property Appeal
Upgrading a property’s appearance doesn’t always require a hefty budget. One of the most impactful yet affordable changes involves refreshing tired flooring, an element that potential buyers and tenants notice immediately upon entering a property. Carpet remnants have become a smart solution for cost-conscious property owners looking to make meaningful improvements, as they offer the…
Read More 
Naked tenants, basement brothels and maggot rain
When a company specialises in 24/7 property management support, it’s got to be ready to handle pretty much anything, as can be attested to by Adiuvo, whose managers have, on more than one occasion, received tenant requests that have caused them to pause and say, wait, what? Adiuvo has now pulled back the curtain on…
Read More