UK house prices rose 0.4 percent in April despite headwinds
Nationwide reported a 0.4 percent rise in property values as the market regained momentum. Growth occurred despite rising energy costs and weaker confidence.
Xurve View
Xurve View
United Kingdom house prices rose 0.4% in April, marking a fourth consecutive monthly increase according to Nationwide Building Society. The gain beat Reuters poll expectations for a 0.3% decline as annual growth accelerated to 3.0%. Resilient demand suggests household balance sheets are absorbing higher mortgage rates and geopolitical energy price shocks.
