House prices slightly down in April
According to the Nationwide Building Society April House Price Index, the price of a typical UK house fell by 0.2% in April.
The price of a typical home is now £164,134 and house prices remain 0.9% lower than a year ago.
Robert Gardner, Nationwide's Chief Economist, said: "The price of a typical UK home fell by 0.2% in April, following a 1.0% decline in March. This is the fourth time in five months that prices have declined. House prices were 0.9% lower than April 2011.
"Much of the recent softness in measures of housing market activity and house prices is likely to relate to the expiry of the stamp duty holiday in late March. This provided a temporary boost to house prices in early 2012 as buyers brought forward purchases that would otherwise have taken place later in the year."
May 4, 2012
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