Nationwide data shows average house price rose 0.9% month‑on‑month to £277,186 in March, annual growth accelerating to 2.2%.
Mortgage rates jumped, with 2‑year and 5‑year fixed rates averaging 5.03% in mid‑April, up roughly 120 basis points since February.
RICS survey shows buyer demand weakening, price expectations falling to 43 and new enquiries dropping to 39, lowest since Aug 2023.
Housebuilders report mixed cost pressures; Barratt cites delivery‑charge talks, Bellway sees 1‑2% build‑cost inflation, Vistry warns of 5% rise from Middle‑East crisis.