Market conditions improving after prices fall for seven consecutive months, Nationwide says.
UK house prices rose by 0.5% in April after seven consecutive months of falls, according to the Nationwide building society.Prices had been falling since August last year, after Liz Truss's mini-budget sparked turmoil on financial markets and drove up borrowing costs.
The cost of an average home rose by 0.5% between March and April to hit £260,441, said the lender, which bases the findings on its mortgage data.Conditions in the housing market have "taken a while to settle down" since the mini-budget, the lender said. "If inflation falls sharply in the second half of the year, as most analysts expect, this would likely further bolster sentiment," Mr Gardener said.Rents hit new high as lack of homes continues
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