House prices start to slow in April

The monthly survey reveals in April house prices increased by 0.7%, which is a fall from the 0.8% growth seen in March, and is despite a 9.6% rise in sales volumes during the month. But while it is only a small reduction, Hometrack says there are a number of other indicators which suggest higher interest rates and affordability pressures are starting to impact on the rate of growth. Hometrack points out the primary drivers of house price growth over the last year have been a lack of supply in houses coming to the market and strong buyer confidence supporting high levels of demand. And ...