House prices edge higher – Nationwide…

For sale signs

House prices edged 0.2% higher in April, according to the latest report from lender Nationwide.

Its March report indicated that house prices fell.

The annual growth in house prices rose to 2.6% from 2.1%.

“Surveyors continue to report subdued levels of new buyer enquiries and recent months have also seen a softening in new instructions,” said Robert Gardner, Nationwide’s chief economist.

“Looking ahead, much will depend on how broader economic conditions evolve, especially in the labour market, but also with respect to interest rates.”