Business Live with Ian King: Surprise fall in UK house prices, down for the second month running
Join Ian King as shifting expectations for UK interest rate cuts have contributed to a dip in house price growth, according to a closely watched measure, according to Nationwide.
Nationwide reported a 0.4% fall in average property costs last month compared with March, taking the annual rate of growth to 0.6% from 1.6%.
Economists polled by the Reuters news agency had expected month-on-month growth of 0.2%.
The lender's report said the easing reflected "ongoing affordability pressures, with longer term interest rates rising in recent months, reversing the steep fall seen around the turn of the year"
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Nationwide reported a 0.4% fall in average property costs last month compared with March, taking the annual rate of growth to 0.6% from 1.6%.
Economists polled by the Reuters news agency had expected month-on-month growth of 0.2%.
The lender's report said the easing reflected "ongoing affordability pressures, with longer term interest rates rising in recent months, reversing the steep fall seen around the turn of the year"
Latest business news 👉 https://trib.al/unXvp4J
Money advice blog 👉 https://trib.al/wEeVvFT
#Business #Economy #CostOfLiving #Banking #Stocks #Budget #Wages #Manufacturing #Banking #Property #PropertyMarket #InterestRates
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
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