UK house prices rise for first time in eight months

Houses in Bristol. The average price of a UK home increased to £260,441 last month, Nationwide said. Photograph: vandervelden/Getty Images

UK house prices rose by 0.5% in April after seven months of declines, according to Nationwide building society.

The modest increase took the average price of a home to £260,441 last month, from £257,122 in March. Compared with April last year, prices were down 2.7%, after a 3.1% annual decline in March.