Nationwide: UK annual house price growth picks up to 3.0% in April, prices up 0.4% on the month
UK annual house price growth picked up to 3.0% in April from 2.2% in March, with prices up 0.4% on the month, Nationwide reported today. Robert Gardner credited resilient household balance sheets and earlier affordability gains, but flagged GfK consumer confidence at a late-2023 low and a sharp drop in new buyer enquiries reported by RICS. For sellers, that firms up pricing leverage into spring; for buyers, the floor on credible offers has lifted. Modest upward drift, not a boom.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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Nationwide says UK house price growth quickens to 3.0% in April from 2.2% in March