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
Two Weeks to Go for First Phase of Renters’ Rights Act
With just two weeks until the first phase of the Renters’ Rights Act comes into effect, letting agents across England are being urged to ensure they are fully prepared for the significant operational and compliance changes ahead. From 1 May 2026, the new legislation will introduce wide-ranging reforms to tenancy structures, possession processes and rent…
Read More 
Housing Insight Report: February 2026
The housing market shows steady activity, ongoing challenges with sales agreed rising slightly and stock levels stable, while affordability pressures and longer transaction times continue to strain buyers and sellers. Demand is strong in the rental sector, with significant competition among tenants despite only a modest increase in available properties. Rents have remained relatively stable…
Read More 
London boasts biggest property market gap
UK’s property price gaps exposed: London tops with £838k difference between top and bottom of the market The latest research from eXp UK has revealed the scale of the price divide between the most and least expensive property markets across each region of the UK, with three areas seeing average house price gaps of more…
Read More 
Questions raised over tenant-agent trust gap
New research from Propoly has found that while over half of tenants describe their letting agent as professional, quick to respond to queries, and efficient in handling maintenance issues, issues still exist, particularly a widespread suspicion that agents are not working in the tenants’ favour. Propoly commissioned a survey of 1,000 UK tenants* to understand…
Read More 
29 is the age house sharing becomes ‘embarrassing’
but 11% still do it, according to new Nationwide research That equates to 27 million admitting they have felt embarrassed about their living situation With 69% saying living alone is unaffordable, it’s no surprise the average age of those in house shares is 35 From moving home (12%) to living with an ex (10%), as…
Read More 
1 in 5 London Homes Listed in Last 30 Days
The latest research from London lettings and estate agent, Benham and Reeves, reveals that one in five homes currently for sale in London have been added to the market within the last 30 days, as sellers respond to strong buyer demand. Demand for London homes is strong Benham and Reeves has analysed current residential property…
Read More