UK Property

UK Property

UK house prices fall unexpectedly for second month in a row

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...
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