Nationwide Building Society March 22 House Price Index

[Martin@AS Financial]

Key points:

• Annual house price growth increased to 14.3%, from 12.6% in February
• Wales remained strongest performing region in Q1 2022, while London remained weakest
• Detached properties have increased by nearly £68,000 since onset of pandemic, while average flat prices up £24,000

According to the report, UK house prices are now at their highest level since 2004 and are now 21% higher than before the pandemic started in 2020. Unsurprisingly dethatched homes have seen significant increases as the new way of hybrid working from home and the office has bedded in.

Interestingly, Nationwide predict a slow down in the months ahead due to inflationary pressures on household incomes.

Full report here:

https://www.nationwidehousepriceinde...vel-since-2004