House prices fell in April

House prices in the UK fell by 0.6% in April, according to Nationwide, marking the largest monthly decline since August 2023, as the rush to take advantage of the stamp duty relief ended. The average home now costs £270,752, with annual growth slowing to 3.4% from 3.9% in March. Robert Gardner, Nationwide's chief economist, commented: "The softening in house price growth was to be expected," following changes to stamp duty that now require first-time buyers to pay on properties over £300,000. Despite the current market softness, Gardner anticipates a gradual increase in activity as the summer approaches, supported by favourable conditions for potential buyers. 

BBC News (30/04/2025)   City AM (30/04/2025)   The Daily Telegraph (30/04/2025)   The Standard (30/04/2025)