Housing market slows in April

House price inflation dropped sharply in April dropping to 0.1% for the month compared with 1.1% in March the latest figures from Nationwide claim.
The drop takes annual house price inflation back below 5% in April but Nationwide does not see this as a source of concern saying demand for property has remained stable. The average house price is in the UK now stands at £163,573 a rise of £7,500 compared to the same time last year.