April’s bigger-than-expected 0.6% m/m fall in Nationwide house prices (consensus forecast 0.0% m/m, Capital Economics -0.1% m/m) isn’t too surprising as most of it probably reflects home purchases being brought forward ahead of stamp duty becoming more onerous from 1st April. This soft patch may run for a few more months. But we doubt much, if any, of it is due to the new US tariffs hitting confidence in the UK’s housing market.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.