UK house prices steady in April
House prices fell 0.1 per cent last month, says Nationwide.
House prices fell 0.1 per cent last month, says Nationwide.
House prices in the UK remained at a steady level over the course of last month, according to data released by Nationwide.
Figures revealed in the Nationwide April monthly House Price Index showed a 0.1 per cent decline in house prices during the month, though the average amount paid for a home was almost one per cent up on a year ago.
The typical UK home was shown to be now worth £165,586 and chief economist for Nationwide Robert Gardner stated there is some evidence in the report that activity and prices have gained some momentum in recent months.
He said: "The three month on three month measure of house prices, which is a smoother measure of the underlying trend, has been in positive territory since October last year."
Research conducted by Lloyds TSB recently showed sales of £1 million properties are higher than any point in the last five years. However, £1 million sales in 2012 were still ten per cent lower than in 2007.
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