UK April Nationwide house prices -0.4% vs +0.1% m/m expected

• Prior -0.2%

The average price of dwellings in the UK rose to £261,962 in April – up from £261,142 in March. But that is before taking into account seasonal factors. After accounting for that, house prices are seen falling by 0.4% instead. Nationwide notes that “the slowdown likely reflects ongoing affordability pressures, with longer term interest rates rising in recent months, reversing the steep fall seen around the turn of the year”.

This article was written by Justin Low at www.forexlive.com.