Nationwide April House Price Index

April’s data highlights the continued resilience of the UK housing market. Improved affordability over the past year, alongside steady earnings growth, has helped underpin demand. However, elevated mortgage rates and wider economic uncertainty are beginning to pose headwinds for activity. Looking ahead, the key issue is whether this resilience can be maintained. With borrowing costs remaining high and geopolitical pressures adding to inflationary risks, the outlook points to modest and uneven price growth rather than a pronounced near-term rebound.