House prices fell in April - here’s why, and what might happen next in the property market

The average price of UK houses fell by 0.6 per cent in April, data from Nationwide shows – just as stamp duty discounts became less generous.

Across the UK, the annual rate of house price growth slowed to 3.4 per cent in April, from 3.9 per cent in March, taking the average property value in April to £270,752, Nationwide Building Society said.