UK house prices edged down slightly in April but remains broadly stable overall

House prices -0.1% vs -0.1% m/m expected Prior -0.5% Average property price £299,313 Prior £299,609 The more cautious undertone stems from the relative uncertainty from the Middle East conflict but all else being equal, the UK housing market continues to show much resilience so far this year. Halifax notes that: "After a strong start to the year, recent global developments have added a greater degree of uncertainty to the outlook. In particular, higher energy prices have fed into inflation expectations, prompting markets to reassess the path for interest rates – a shift that has already pushed up borrowing costs for many buyers. This understandably leads to more caution among some households, with the cost-of-living once again front of mind and extra thought being given to planned property moves. Even so, the housing market continues to display the resilience that has been its hallmark in recent years. While activity is likely to cool in the near term, the underlying picture remains one of relative stability, supported by wage growth that continues to outpace house price inflation." This article was written by Justin Low at investinglive.com.