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Friday, May 01, 2020

House Prices Rose By 0.7% in April

House prices 'unexpectedly' increased in April despite the coronavirus lockdown, as per Nationwide

The average cost of a home across the country rose by 0.7 per cent over the month, and was up 3.7 per cent annually. At a record high of £222,915, the average house price is more than £3,330 above its level a year ago.

The annual rise is the highest since February 2017.
 
However, the figures are based on mortgage approval data that's largely for applications made before lockdown. Post lockdown the property market has stalled.

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