House price growth is showing "tentative signs of moderation", according to the Nationwide Building Society.
It said home values rose by 0.4% in March, marking a slowdown compared with previous months. But prices last month were still 9.5% higher than the same time last year, Nationwide said, according to the BBC. Meanwhile, the gap between house prices in London and the rest of the UK has reached a record. Average values in the capital are now more than double those in the rest of the UK, at £362,699. The overall average value now stands at £180,264, but that is still 3% below the 2007 house price peak. And although March saw the 15th successive monthly increase in prices, the rate...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes