Nationwide Reports A Price Rise
House prices were up by 0.9 per cent in April, says the Nationwide's latest house price report...
After a disappointing fall of 0.6 per cent in March, the 0.9 per cent upturn this month is a positive sign for the property market, although Nationwide believes there has been an overall trend of broadly flat price rises since last summer. The average house price now stands at £156,128 compared to £153,876 in March.
Monthly inflation over the last three months has averaged around 0.3 per cent, substantially lower than the two per cent during the same period of 2004. The annual rate of house price growth also slowed in April, falling to seven per cent from March's 7.9 per cent, says the report.
Suffolk Estate agent Bychoice reports increased activity in the market since the 1st April.