April's House Price Index

  • The price of a typical UK house fell by 0.2% in April
  • Prices remain 0.9% lower than one year ago
  • Price of a typical home is now £164,134

Headlines April 2012

March 2012

Monthly Index* 326.6 327.3
Monthly Change* -0.2% -1.0%
Annual Change -0.9% -0.9%
Average Price £164,134 £163,327

* Seasonally adjusted figure (Note that monthly % changes are revised when seasonal adjustment factors are re-estimated)

Commenting on the figures 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."

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