Market conditions improving after prices fall for seven consecutive months, Nationwide says.
UK house prices rose by 0.5% in April after seven consecutive months of falls, according to the Nationwide building society.Prices had been falling since August last year, after Liz Truss's mini-budget sparked turmoil on financial markets and drove up borrowing costs.
The cost of an average home rose by 0.5% between March and April to hit £260,441, said the lender, which bases the findings on its mortgage data.Conditions in the housing market have "taken a while to settle down" since the mini-budget, the lender said. "If inflation falls sharply in the second half of the year, as most analysts expect, this would likely further bolster sentiment," Mr Gardener said.Rents hit new high as lack of homes continues
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market Drayton traders fear for town's traditional market amid falling footfallFears have been raised for the future of a Shropshire town's indoor market, as residents and visitors are urged to rally behind their traders.
Read more »
UK house prices rise unexpectedly in April as borrowing costs ease\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
These are the schools in Preston, Chorley and South Ribble affected by strikes tomorrow (April 27)Teacher strikes are resuming across the country tomorrow (Thursday, April 27), with school closures expected in Preston, Chorley and South Ribble.
Read more »
These are the criminals locked up in Greater Manchester in AprilThe killer of an eight-year-old girl, a Strangeways protester and an armed robbery gang are among the serious criminals who were locked up in Greater Manchester in April.
Read more »
'Historic' wildfires may threaten summer holidays in Europe as Spain sees record 39°C April dayAn unusually dry spring across parts of southern Europe could mean a repeat of last year's devastating wildfires, says the head of the EU climate monitoring service
Read more »