House prices inched up 0.1% last month, or 0.5% over the year, according to the Nationwide.
“If it weren’t for rock-bottom mortgage rates, the strength of the jobs market and low supply, the market would likely be showing negative growth.
“It’s a patchwork market at present. London and the South East remain under the cosh while many other regions of the country are delivering relatively strong growth.
“The South East corner of the UK continues to pay for its exuberant price growth of yesteryear.
“There is a stark difference between the attitudes of professional investors and owner-occupiers.
“Professional investors are piling into property with an alacrity not seen for years, while owner occupiers are walking on eggshells in comparison.”