04/05/2024
House prices fell in April as potential buyers continued to face pressure on affordability, according to the Nationwide.
The UKβs biggest building society said that UK house prices were down by 0.4% compared with the previous month.
It said the average home cost Β£261,962, some 4% below the peak in the summer of 2022.
The rising cost of borrowing was key to the latest fall in prices, it said.
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