Rising interest rates see house prices fall in April

By Daniel Gayne2024-05-01T09:45:00

Nationwide figures show first-time buyers choosing to wait

UK house prices fell by 0.4% in April as rising long-term interest rates put off first time buyers.

According to the latest figures from Nationwide, the fall resulted in a slowing of the annual rate of house price growth to 0.6%, from 1.6% the previous month.

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