House prices fell by 0.1% in April, the first fall in seven months, but they remained higher than they were 12 months previously, according to the UK's biggest building society.
The figures from the Nationwide put the annual price of a UK home at £165,586. This is higher than the £164,630 recorded in March, but the seasonally adjusted figures, designed to smooth out changes driven by seasonal differences in activity in the market, showed a 0.1% fall over the month.
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| House prices are edging down, says the Nationwide |
This was the first drop since September, and smallest of four during the last 12 months.
The annual rate of change, which is not seasonally adjusted, showed prices were up by 0.9% on April 2012, while a quarterly comparison showed a 0.5% increase on the previous three months' averag Robert Gardnere.
April's fall followed a flat-lining in prices in March, and reports of a slowdown in the mortgage market at the start of the year.
ouse prices fell by 0.1% in April, the first fall in seven months, but they remained higher than they were 12 months previously, according to the UK's biggest building society.
The figures from the Nationwide put the annual price of a UK home at £165,586. This is higher than the £164,630 recorded in March, but the seasonally adjusted figures, designed to smooth out changes driven by seasonal differences in activity in the market, showed a 0.1% fall over the month.
This was the first drop since September, and smallest of four during the last 12 months.
The annual rate of change, which is not seasonally adjusted, showed prices were up by 0.9% on April 2012, while a quarterly comparison showed a 0.5% increase on the previous three months' averag Robert Gardnere.
April's fall followed a flat-lining in prices in March, and reports of a slowdown in the mortgage market at the start of the year.
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Article source : http://www.guardian.co.uk
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