House prices down 0.2% in April

Published on

The price of a typical UK home fell by 0.2% in April, following a 1% decline in March, according to the Nationwide Building Society.

This is the fourth time in five months that prices have declined. House prices were 0.9% lower than April 2011.

The average price of a home (not seasonally adjusted) is now £164,134

Robert Gardner, Nationwide’s chief economist, said: “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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgage leaders urge sector to take part in ED&I survey

Senior figures from Mortgage Advice Bureau, Legal & General and Coreco have urged mortgage...

The Right Mortgage adds TAB to lender panel

The Right Mortgage & Protection Network has added specialist property finance lender TAB to...

LSL signals further profit growth as market steadies after refinancing surge

LSL Property Services has said it expects to deliver further profit growth in 2026,...

Nadine Coyle and AJ Odudu to headline Sort Ball

Sort Group has announced Nadine Coyle and AJ Odudu as the headline acts for...

Beyond the walk: Mortgage leaders talk mental health – part 14

The Mortgage Industry Mental Health Charter (MIMHC) began its third annual 144-mile Walk &...

Latest publication

Other news

Mortgage leaders urge sector to take part in ED&I survey

Senior figures from Mortgage Advice Bureau, Legal & General and Coreco have urged mortgage...

The Right Mortgage adds TAB to lender panel

The Right Mortgage & Protection Network has added specialist property finance lender TAB to...

LSL signals further profit growth as market steadies after refinancing surge

LSL Property Services has said it expects to deliver further profit growth in 2026,...