Thursday, 13 May 2021, 3:51 pm
Nationwide
values increased by a further 3.1% over April according to
the latest CoreLogic House Price Index (HPI). While this
brings the annual growth rate to 18.4% up from 16.2% last
month, the annual measure is impacted by base affects. A
year ago, economic activity, including the housing market,
had stalled as the nation moved through the first COVID
related lockdown.
It may come as a surprise to see the
monthly pace of property value growth accelerate in April
after the Government introduced the phased removal of
interest deductibility for property investors, however it
may take another month or so for these changes to flow