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Evening Standard
Evening Standard
Vicky Shaw

‘Surprising’ momentum for housing market in April as prices jump to record high

Housing Market Robert Gardner United Kingdom Nationwide Building Society Nationwide Middle East Bank of England
The UK economy and housing market have proved ‘remarkably resilient’ in recent years, Nationwide Building Society’s chief economist Robert Gardner said (Yui Mok/PA Archive) - (PA Archive)

The UK housing market is showing “somewhat surprising” momentum, with annual house price growth accelerating in April, pushing the average property value to a fresh record high, according to Britain’s biggest building society.

The average house price increased by 3.0% annually in April, accelerating from 2.2% annual growth in March, Nationwide Building Society said.

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