UK house price growth slows in April, says Nationwide


UK house price growth slowed in April, following the surge of buying in March, according to the Nationwide Building Society.The annual pace of house price growth slowed to 4.9% in April, compared with 5.7% in the previous month.
In April alone, house prices rose by just 0.2%, the lowest monthly increase since last November. The number of property sales in March hit a record high, as landlords rushed to beat a rise in stamp duty.
There were 165,400 transactions during the month, according to HM Revenue and Customs (HMRC), higher than the previous peak of 149,000 in January 2007.