The lender Halifax said average prices in April were 0.1% higher than the same month a year ago, the lowest rate of growth since December 2012 and down from March's annual growth rate of 1.6%.
Average prices fell 0.3% in April compared with a month earlier, taking the typical British property price to £286,896. This is about £7,000 below last summer's peak, but about £28,000 higher than two years ago.
The Halifax report showed a mixed picture for house prices in different regions of Britain. The four regions of southern England recorded falls over the past year, with the south-east showing the largest dip (of 0.6%, to an average house price of £387,469), while in all other regions and nations across Britain annual price growth remained positive in April.
This story is from the May 10, 2023 edition of The Guardian.
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This story is from the May 10, 2023 edition of The Guardian.
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