After showing some modest signs of life, Britain’s maddening housing market (for those in it) decided to resume its sulk in March.
The Nationwide Building Society’s latest index showed a modest year-on-year rise of 1.6 per cent but a seasonally adjusted month-on-month fall of 0.2 per cent when compared to February’s prices.
Chief economist Robert Gardner also noted that property is proving hard for sellers to shift. He said that while “activity has picked up from the weak levels prevailing towards the end of 2023” the market is still “relatively subdued by historic standards”.
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