UK house price data for April 2015
- England 5.8% vs 9.4% prior y/y
- Wales 1.3% vs 5.7% prior
- Scotland 2.2% vs 14.6% prior
- Northern Ireland 8.8% vs 7.5% prior
- Average price seasonally adjusted fell 1.3% between March and April
- First time buyers paid prices 5.8% higher than a year ago
It looks like there was the usual spring/Easter jump in prices which have unwound in April. Prices are still rising after the mid to late 2014 drops and the BOE will be keeping a close eye on these and the household debt levels to make sure that borrowing isn't running away. If we see sustained wage growth then this will be one area that will start rapidly climbing again
