Published • loading... • Updated
UK house prices rise in April despite Iran war headwinds, Nationwide says
Nationwide said average prices rose to £278,880 as household savings and wages helped offset higher borrowing costs, surprising economists who expected a decline.
- Nationwide reported house prices increased 0.4% in April to $379,000, extending March's 0.9% gain and defying a 0.3% decline expected by economists.
- Despite the Iran war pushing up mortgage rates, the market remained resilient; Robert Gardner, Nationwide chief economist, attributed stability to the relative strength of household finances.
- On an annual basis, house prices rose 3%, though Pantheon chief economist Rob Wood cautioned that it is "unlikely that house prices can keep up this pace."
- The Bank voted on Thursday to keep borrowing costs on hold, while Lender Halifax reported a decline in home values, offering mixed evidence on conflict impact.
- Household debt remains near a two-decade low relative to income, and Fixed-rate mortgage costs remain below their 2023 peak, supporting continued market resilience.
Insights by Ground AI
13 Articles
13 Articles
UK house prices rise in April despite Iran war headwinds, Nationwide says
British house prices unexpectedly rose for a fourth month in a row in April, despite headwinds to consumer confidence from conflict in the Middle East, mortgage lender Nationwide Building Society said on Friday.
·United Kingdom
Read Full Article
Annual house price growth rises 3% in April: Nationwide
UK annual house price growth picked up to 3.0% in April, from 2.2% in March, and house prices were up 0.4% month on month, according to the latest data from the Nationwide House Price Index. Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said:… The post Annual house price growth rises 3% in April: Nationwide appeared first on Mortgage Finance Gazette.
Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium
