UK house price growth slows as cost of living crisis starts to hit market

Average price of property in April rises to 267,620, the ninth straight month of growth, says Nationwide

House prices continued to climb in April but the rate of growth is slowing as soaring inflation and the cost of living crisis starts to affect the market, figures show.

The average amount paid for a home in the UK climbed 0.3% to 267,620 in April, Nationwide found, the ninth consecutive month of growth.