Nationwide House Price Survey April 06 |
Nationwide has today revealed its house price results for April, and has found that prices rose by only 0.1% in April, down significantly from 1.1% in March. This brought the annual house price growth rate (the increase from April 05 to April 06) to below 5% at 4.8%.
It goes on to say that the average house price is now £163,573, an increase of almost £7,500 compared to this time last year – equivalent to roughly £20 per day
Despite the distinct lowering in house price inflation, it says that demand is still there, but the rise in oil prices could pinch the public’s pocket as fuel prices continue to rise.
