UK house price growth at strongest pace since 2004 in March – Nationwide

LONDON (Reuters) – British house prices in March marked their strongest pace of growth since 2004, data from mortgage lender Nationwide showed on Thursday.

House prices increased by 1.1% month-on-month in March, Nationwide said. Prices were 14.3% higher than their level a year ago, compared with a median forecast of a 13.5% rise according to a Reuters poll of economists.

“The housing market has retained a surprising amount of momentum given the mounting pressure on household budgets and the steady rise in borrowing costs,” Robert Gardner, Nationwide’s Chief Economist, said in a statement.

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.