UK house prices inch up as high rates squeeze buyers

British house prices edged 0.1 per cent higher in April to stand 1.1 per cent up on a year earlier, figures from mortgage lender Halifax showed on Tuesday, a slight pick-up from March’s 0.4 per cent annual growth as interest rates remain high.

Tuesday’s data marks a return to monthly growth after prices fell 0.9 per cent in March – the first decline since September – and comes after rival mortgage lender Nationwide reported an unexpected 0.4 per cent April price drop last week.

“The...