Land Registry: house prices largely stable

The average cost of a property edged ahead by just 0.2% during the month, following a 0.1% fall in March and a 0.2% gain in February, according to the Land Registry.

The Halifax April house price index also indicated that prices were largely stable. It says typical values declined by just 0.1% (see the Free House Price Valuation guide).

Many analysts have say the combination of the severe winter weather in January and distortions caused by the end of the stamp duty holiday this year have led to a slowdown in the market.

The Land Registry and Halifax figures contrast with data reported by Nationwide for April, which showed house prices rising by a strong 1% during the month.

Further reading/Key links

Valuation loophole: Free house price valuation Cut homeloan debt: Cheap Mortgage Finding Latest house prices: Nationwide, Land Registry, Halifax