Nationwide blames April slowdown on ‘affordability pressures’ on back of high mortgage ratesBusiness live – latest updatesUK house prices have fallen unexpectedly in April for a second consecutive month, according to the building society Nationwide, which blamed the slowdown on “affordability pressures” amid high mortgage rates.The average house price in April was £261,962, down 0.4% compared with March’s reading on the lender’s monthly index, which had shown a 0.2% month-on-month drop. City forecasters had predicted a 0.2% increase last month. Continue reading…
Source : theguardian.com
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