UK house prices experienced a slight increase of 0.1% in April compared to March, as reported by Halifax. This marginal rise contrasts with a previous decline of 0.9% in March. On an annual basis, the prices in April were 1.1% higher than the same month in 2023, showing a modest improvement from the 0.4% annual increase previously recorded. Despite these gains, the property market continues to face challenges from rising mortgage rates, which have contributed to a general stagnation in house prices. Additionally, Savills has revised its forecast, now predicting an increase in UK house prices this year, reversing its earlier prediction of a decline.
The average UK house price rose by 0.1% in April month-on-month, after a fall of 0.9% in March, according to an index ✍: @ThisIsVickyShaw https://t.co/eUa1XgiRqh
UK house prices stagnate in April as mortgage costs climb https://t.co/m5Z8nTXFYZ via @tomelleryrees https://t.co/MmjyJi4lJG
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates https://t.co/AAUPlFX5Fi
Average house price could be £61,500 higher by end of 2028, forecast suggests https://t.co/OSJWHGW5Lz
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates https://t.co/NhGt3FC2AX
⚠️ UK HOUSE PRICES RISE 0.1% M/M IN APRIL, HALIFAX SAYS Full Story → https://t.co/QipXdECsqw British house prices in April were 0.1% higher than in March and 1.1% higher than in April 2023, figures from mortgage lender Halifax showed on Tuesday, following a 0.4% annual rise… https://t.co/QV8A4sxD9K
UK HALIFAX HOUSE PRICES (M/M) APR: 0.1% (PREV -1.0%)
🇬🇧 United Kingdom Halifax House Price Index (YoY) (Apr) $GBP Actual: 1.1% Previous: 0.4%
🇬🇧 United Kingdom Halifax House Price Index (MoM) (Apr) $GBP Actual: 0.1% 🔴 Expected: 0.2% Previous: -0.9%
Savills says UK house prices will rise this year in U-turn on earlier forecast https://t.co/qVo7oI9U9t