Date issued: 30 Apr 2009
HOUSE PRICES FALL SLIGHTLY IN APRIL
- The price of a typical house fell by 0.4% in April
- Housing measures in the budget are welcome, but are unlikely to turn things around
- Economic fundamentals will continue to dominate housing market prospects
| Headlines |
April 2009 |
March 2009 |
| Monthly index * Q1 '93 = 100 |
300.0 |
301.1 |
| Monthly change* |
-0.4% |
0.9% |
| Annual change |
-15.0% |
-15.7% |
| Average price |
£151,861 |
£150,946 |
* seasonally adjusted
Commenting on the figures Fionnuala Earley, Nationwide's Chief Economist, said:
“The price of a typical house fell by 0.4% in April. This reverses some of the rise seen in March, but is in line with our expectations, given the current economic conditions. April’s decline leaves the average price of a typical house at £151,861, down 15% from 12 months ago. The 3-month on 3-month rate of change, generally a smoother indicator of the short-term trend in prices, improved to -3.1% in April from -4.1% in March”
For further information please see our April 2009 report (PDF 51KB).
