UK house prices unexpectedly rose by 0.5% last month according to data from the Nationwide Building Society. The average UK house price in April was £260,441.
Robert Gardner, Nationwide's chief economist, said that recent data suggested housing market activity remained subdued in Q1 2023 but there were signs of a pickup in recent months. However, he warned any upturn was likely to remain slow, as household finances needed time to recover.
Sarah Coles, head of personal finance at Hargreaves Lansdown, said the rise in prices owed a fair amount to renewed confidence that the horrors of inflation could be coming to an end, and that mortgage rates would continue to fall. However, she warned that while this could inspire hope among buyers, it could not secure certainty, and it was too early to call the bottom.
New Research Identifies the Best Yields in the UK for Student Accommodation
UK Bank Interest Rates Forecast for 2025-2026: What Property Investors Need to Know
The Foreign Location with the Most UK Property Owners Revealed
UK Student Accommodation Investment on the Rise
The Bright Future of UK Property Investment: Why Rising House Prices Signal Opportunity
Revised Upwards Five-Year Forecast for UK Residential Sales and Rentals – Knight Frank
UK Property Market Outlook for 2024: A Positive Shift for Investors
Foreign Investors Propel Prime London Property Market in 2023
Edinburgh Leads the Way: UK Rental Growth Predictions for 2024
UK House Price Forecast 2024-2025 and Beyond: A Magnate Assets Perspective