April 2017 UK Nationwide HPI -0.4% vs 0.1% exp m/m

April 2017 UK Nationwide HPI report 28 April 2017
Another slide in prices in the UK. That’s two on the trot. The y/y rate is the weakest for 4 years. Given the low rate and strengthening jobs market Nationwide say it’s a surprise to see prices falling. They surmise that the inflationary squeeze on incomes and/or the already high levels of house prices, are behind the softness. Once again though it depends on where you look. In London, prices are still strong.  A house two roads over to me went up for £750k, had 16 offers, went to a closed auction, and finally went for £875k.