House prices edged down by 0.2% in April

03 May 2012

  • 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 Apr-12 Mar-12
Monthly Index* 326.6 327.3
Monthly Change* -0.2% -1.0%
Annual Change -0.9% -0.9%
Average Price
(not seasonally adjusted)
£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."

Please note: If you are a customer looking for information on our products and services, please visit the main website.