Indicators
UK House Prices Decline Most Since 2023, Nationwide Says
A worker cleans a window of a residential property in the Kensington and Chelsea district in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
UK house prices registered the biggest decline in almost two years in April after a tax break for buyers expired and consumer confidence tumbled in response to US tariffs, according to one of Britain’s biggest mortgage lenders.
Nationwide Building Society said the average value of a home dropped 0.6% to £270,752 ($362,600) after being flat the previous month. Economists had predicted a 0.1% gain. Prices were 3.4% higher year-on-year.