House price growth subdued

house signs

Nationwide has published its house price barometer. April marks the fifth month in a row in which annual house price growth has been below 1%.

Robert Gardner, Nationwide's Chief Economist, said: “UK house price growth remained subdued in April, with prices just 0.9% higher than the same month last year.

“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".