House price growth shows ‘moderation’, Nationwide says

House price growth is showing “tentative signs of moderation”, according to the UK’s second biggest mortgage lender.

Nationwide has said that house price inflation was slowing, on a monthly and quarterly basis.

However, when measured annually, price growth accelerated in March, with prices up 9.5% from a year earlier.

Meanwhile, the gap between house prices in London and the rest of the UK has reached a record.

Average values in the capital are now over double than those in the rest of the UK, at £362,699.

The overall average house value in the UK now stands at £180,264, the highest since January 2008, although that figure is still 3% below the 2007 house price peak.