UK house prices fall but market ‘likely to pick up’ during summer

UK house prices fall but market ‘likely to pick up’ during summer

Average property value drops to £270,752 in April because of stamp duty changes, Nationwide says

House prices dipped by 0.6% month on month on average in April, according to an index – just as stamp duty discounts became less generous.

Across the UK, the annual rate of house price growth slowed to 3.4% in April, from 3.9% in March, taking the average property value in April to £270,752, Nationwide said.

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