Economic Buzz: UK house prices decline in April

UK house price declined more than expected in April following the end of stamp duty holidays, data from the Nationwide Building Society showed Wednesday.

House prices logged a monthly drop of 0.6 percent after remaining flat in March. The decline was worse than economists' forecast of 0.1 percent.

On a yearly basis, house price growth eased to 3.4 percent from 3.9 percent in the previous month. The expected rate of decline was 4.1 percent.

Powered by Commodity Insights