Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
UK house prices edged slightly lower in April from March, a report on Tuesday showed, with almost no annual growth last month.
According to Halifax, the average UK house price fell by 0.3% month-on-month in April, following a 0.8% rise in March. This marks the first fall in house prices after three consecutive months of growth, the mortgage lender said.
The typical UK property now costs £286,896, compared to £287,891 a month earlier.
The annual rate of house price growth slowed to a marginal 0.1% from 1.6% in March.
Halifax noted that house prices in the south of England were under the greatest pressure.
‘House price movements over recent months have largely mirrored the short-term volatility seen in borrowing costs. The sharp fall in prices we saw at the end of last year after September‘