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House prices fell 1.1% in April

Average UK house prices fell by 1.1% in April, according to the latest Communities and Local Government House Price Index.

On a seasonally-adjusted basis, house prices fell by 0.3% in April compared to a year ago and on a mix-adjusted basis the average UK house price was £204,439.

The index also shows that prices paid by first-time buyers were 1.6% lower than a year ago, while prices paid by former owner-occupiers were 0.2% higher and prices for new properties were 4.2% higher.

Average house prices remained unchanged overall in England, but fell by 1.2% in Scotland, dropped by 1.4% in Wales and fell by 15.2% in Northern Ireland.

There were, however, significant regional variations within England: the largest increase was seen in London at 3.6% and the greatest fall was in the North East at 4%.

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