UK House Prices Fall 34% in April

RICS survey shows UK house price net balance fell to -34% in April, the steepest decline in months amid higher mortgage costs.
Buyer enquiries net balance improved to -34% from -40% in March, while sales slipped to -36% and expectations stayed negative at -38%.
Data shows price drops in London, South East, East Anglia and South West, while North West and Scotland saw rising prices.
Lettings market shows tenant demand at +14%, landlord instructions improved to -17%, but the Renters’ Rights Act effective May 1 pressures rental supply.