From The Telegraph: 2024-05-01 14:09:27

House prices in the UK have fallen for the second consecutive month by 0.4% in April, according to the Nationwide house price index. The average home is now worth £261,962, up by 0.6% from last year. Affordability pressures and rising interest rates are believed to be contributing factors to the slowdown in the housing market. A recent study found that nearly half of first-time buyers have delayed their plans due to high house prices and increased mortgage costs. Many prospective buyers are considering purchasing in cheaper areas or smaller properties to achieve their homeownership goals.



Read more at The Telegraph: Fed holds rates amid fears of sticky inflation