UK House Price Growth Shows Signs of Cooling

According to the latest Nationwide House Price Index, the United Kingdom experienced a 3.4% annual growth in house prices this April, a slight decrease from March's 3.9%.

Monthly Decline and Average Prices

Seasonally adjusted figures reveal a 0.6% monthly decline, with the average house price settling at £270,752 in April.

Expert Insights

Robert Gardner, Nationwide's chief economist, commented, "The anticipated softening in house price growth follows the recent stamp duty adjustments. A notable surge in March transactions suggests buyers rushed to avoid higher taxes, potentially leading to a quieter market in the upcoming months."