UK house price growth remained flattened in April, as the annual price growth rate rose less than one per cent, the latest data showed today.

UK house price growth remained quiet in April, as the annual price growth rate rose less than one per cent, the latest data showed today.

While annual growth of 0.9 per cent beat March’s 0.7 per cent, it is the fifth month in a row that growth has fallen below the one per cent mark, according to Nationwide’s House Price Index.

Nationwide warned that the figures showed the housing market is still “subdued” as the spectre of a Brexit delays looms over buyers and sellers.

House prices rose 0.4 per cent month on month in April, better than March’s 0.2 per cent hike from February, when prices actually fell.

That left the average house price with a rise of less than £2,000 to £214,920.

 

UK housing market primed for buyers - but they are cautious

Robert Gardner, Nationwide's chief economist, said: “UK house price growth remained subdued in April.

“Indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for house purchase, have remained broadly stable in recent months, even though survey data suggests that sentiment has softened.”

With weaker consumer confidence, new buyer enquiries were low, exacerbated by the low number of homes entering the market.

“This doesn’t appear to have been enough to prevent a modest shift in the balance of supply and demand in favour of buyers in recent months,” Gardner added.

 

http://www.cityam.com/276980/uk-house-prices-housing-market-enters-fifth-month-subdued