Signs of recovery in housing market

The property market experienced tentative signs of recovery in April, according to the Nationwide building society. April saw a 0.5 per cent rise in house prices after seven consecutive falls, with annual rate of house price growth rising to -2.7 per cent from -3.1 per cent in March, says Robert Gardner, Nationwide’s chief economist. “While […]

Slowdown in annual UK house price growth

House prices in Britain have fallen for the first time in 15 months. The average price of a property dropped to £268,282 in October, down 0.9 per cent compared to October, according to the Nationwide’s House Price Index. Robert Gardner, Nationwide’s chief economist, said: “October saw a sharp slowdown in annual house price growth, to […]