Decline in house prices resumes
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House prices in the UK fell by 0.4% in April, reversing some of the rise seen in March, according to the Nationwide. The building society's figures show that the pace of decline in house prices slowed, but the typical home still cost 15% less than a year ago. The price of the average property in the UK was £151,861 in April. Figures from the Land Registry relating to March, also published on Thursday, showed different price shifts in different parts of England and Wales. The figures suggested typical property prices rose by 1.8% in the North East of England in March compared with February, but fell by 2% in the same period in the West Midlands. |
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