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
London office workers want better workspaces, not free lunches
The latest research by BPS London has found that London office workers are more interested in better quality workspaces than superficial perks such as free breakfasts and lunches, with 63% saying they would be more willing to work from the office more regularly if their workplace was more modern, comfortable and better equipped. BPS London commissioned a…
Read More 
The hottest prime property markets outside of London
The latest analysis from Enness Global has revealed that whilst London continues to dominate England’s prime property market, Elmbridge ranks as the nation’s leading hotspot outside of the capital when it comes to homes sold for £3m or more. Enness Global analysed Land Registry transaction data, looking at where homes sold for £3m or more…
Read More 
Breaking Property News 21/4/26
Daily bite-sized proptech and property news in partnership with Proptech-X. The SaaS squeeze: Why AI is the greatest threat proptech has ever faced The core shift from software to intelligence Thought Leadership by Andrew Stanton CEO Proptech-PR ‘For the better part of two decades, the proptech sector has ridden the same wave that transformed fintech,…
Read More 
Unmodernised property opportunities dwindle
Jonathan Samuels, CEO of Octane Capital, believes that the shrinking supply of unmodernised property stock is making specialist refurbishment finance more important than ever, as investors increasingly need to move quickly in order to secure the remaining opportunities available. Octane Capital analysed current listings of unmodernised properties across England and compared current stock levels to…
Read More 
London Marathon route showcases London rental market
Rents range from £1,500 to £6,000 per month The latest research from London lettings and estate agent, Benham and Reeves, has found that the London Marathon route offers a striking snapshot of the capital’s rental market, with average rents ranging from just £1,500 per month at some points of the course, to as much as…
Read More 
Section 21s continue to rise ahead of looming ban
The latest research industry insight from LegalforLandlords Section 21 “no-fault” evictions continued to rise in 2025, increasing by 1.7% following a sharp 20.4% surge the previous year. This sustained growth highlights landlords’ continued reliance on Section 21 notices, raising important questions about how possession will be regained once they are outlawed under the Renters’ Rights Act,…
Read More