House Prices Growth Hits 10.5%
April was a good month for house prices, with Nationwide reporting an annual rise of 10.5%, the first time that growth has reached double figures in 3 years.Prices jumped by 1% in April itself, and 10.5% over the past 12 months, with the average house price at £167,802. Figures were helped by the previous year being particularly weak. Nationwide also warns that this level of growth is unlikely to continue, particularly when looking at the 3 month moving avergae, which is already declining, down 1% in the 3 months to April.
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