LONDON, April 28 British house prices fell for a
second month in a row in April, suggesting households are
feeling the pinch from rising inflation since last year's Brexit
vote and low wage growth, data from mortgage lender Nationwide
showed on Friday.
Nationwide said house prices declined by a monthly 0.4
percent following a fall of 0.3 percent in March which had been
the first fall since mid-2015.
In annual terms, prices were 2.6 percent higher, the weakest
increase in almost four years.
"While monthly figures can be volatile, the recent softening
in price growth may be a further indication that households are
starting to react to the emerging squeeze on real incomes or to
affordability pressures in key parts of the country," Nationwide
economist Robert Gardner said.
Economists polled by Reuters had expected house prices to
rise by 0.1 percent in April from March and by 3.3 percent in
(Writing by William Schomberg; editing by Richard Lough)