UK house prices
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UK house prices have fallen unexpectedly in April for a second consecutive month, according to the building society Nationwide, as interest rate uncertainty and more expensive mortgages put a dampener on the traditional spring homebuying season.

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With some economists saying that two month-to-month falls in the closely watched index “start to look like a trend”, and new fixed mortgage rates continuing to creep up, the data will put further pressure on the Bank of England before next week’s interest rate announcement.

Read about the UK Housing Market via our Specialist Residential & Buy to Let Division

The average house price in April was £261,962 – down by 0.4% on March, when the lender’s monthly index recorded a 0.2% month-on-month drop.

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Source: The Guardian

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