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.
