FX.co ★ UK House Price Growth at 11-Month High

UK house prices rose 3.0% year-on-year in April, the fastest pace since May 2025, according to data from Nationwide. The increase exceeded both market expectations and March’s 2.2% rise. Chief Economist Robert Gardner said the housing market has regained momentum despite tensions in the Middle East and higher energy costs. “This is somewhat surprising given that indicators of consumer confidence have weakened noticeably,” he noted, while warning that elevated interest rates and a more uncertain economic backdrop continue to pose headwinds. On a monthly basis, prices were up 0.4%, a slowdown from the 0.9% increase recorded in March.