Image source, Getty ImagesArticle informationAuthor, Kevin PeacheyRole, Cost of living correspondent1 May 2024House prices fell in April as potential buyers...
Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.UK house prices fell unexpectedly for the second month in a row in April, according to data from lender Nationwide, reflecting the recent rise in mortgage rates.House prices fell 0.4 per cent between March and April following a 0.2 per cent drop in March, missing the 0.2 per cent expansion forecast by economists. This was the largest month-on-month contraction since August 2023, when mortgage rates reached their peak.“The slowdown likely reflects...