‘Tentative signs of a recovery’ as house prices rise month on month

Average UK house prices had fallen month on month for seven months in a row before April’s pick-up, Nationwide Building Society said.

April’s monthly increase follows seven consecutive declines and leaves house prices 4% below their August 2022 peak, according to Nationwide Building Society (Anthony Devlin/PA) (PA Archive)

The average UK house price increased by 0.5% month on month in April, following seven consecutive falls, according to an index.

Nationwide Building Society, which released the figures, suggested they could be “tentative signs of a recovery”.

Annual house price growth remained negative in April, with prices 2.7% lower than a year earlier.