April sees slowing in annual house price growth - Nationwide

Dariusz Karpowicz, director at Albion Financial Advice: “April saw a steady uptick in demand for residential properties, with the number of prospective buyers gradually increasing despite the challenges. Rising mortgage rates have certainly made prospective buyers and home movers more cautious, preventing many from stretching their budgets to the limit. To truly invigorate the market, substantial government intervention, perhaps in the form of new affordability schemes, is necessary to bridge the growing gap between property prices and average wages. Looking ahead for 2024, unless significant measures are introduced, we expect prices to continue their slow but upward trajectory.”