View more on these topics

House price inflation slowed in March, says Nationwide

House price inflation slowed to 9.3% in March, the latest figures from Nationwide reveal.

Nationwide says the underlying trend is softening as interest rate rises feed through but supply constraints will continue to support prices.

Fionnuala Earley, chief economist at Nationwide, says: “The housing market showed further signs of cooling during March.

The price of a typical house increased by 0.4% during the month, bringing the annual rate of house price inflation back into single
digits at 9.3%.

The price of a typical property in the UK is now 177,083, 15,000 higher than at this time last year.

This is the equivalent of a monthly rise of 1,250 or 41 per day.

Recommended

Get to grips with affordability

Lenders are turning away from using income multiples towards complex affordability calculations which means greater accuracy and better risk control for them, but more work for brokers, says Christine Toner

AHIPP warns on increase in HIP enquiries

AHIPP has advised estate agents to ensure their staff are fully prepared to face a growing number of queries on Home Information Packs.The association says with full page adverts on HIPs now appearing in the national press, a growing number of consumers are expected to start asking their agents a number of more informed questions […]

EDGE users to receive free legals

Enterprise Group is offering free valuations and free legals for all products sourced through its EDGE sourcing system.Provided EDGE is used upfront to source the solutions and checklists for products, brokers on Enterprises panel will qualify for the discountsEDGE currently has 2,600 registered brokers across the UK, and version two will be launched in the […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]

Newsletter

News and expert analysis straight to your inbox

Sign up