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London stocks edged up in early trade on Wednesday as investors eyed the latest UK manufacturing data and a policy announcement from the US Federal Reserve.
Nationwide reports a 0.4% drop in UK house prices in April, the sharpest decline since last summer, attributed to increased mortgage rates impacting buyer affordability. Explore the implications for prospective homeowners and the housing market.
UK house prices unexpectedly fell in April for the second month in a row, as borrowing rates went up, according to figures released on Wednesday by Nationwide.
UK house prices have not enjoyed the usual spring bounce due to an uptick in mortgage rates, according to the building society.
UK house prices fell for the first time in six months in March as the drop in mortgage rates stalled, according to figures released by Halifax on Friday.