The prices of the houses in the United Kingdom fall beyond what was expected in April

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The prices of the Houses in the United Kingdom were hired much more than expected in April as the timbre fee tax increased, according to the nationwater.

The prices fell 0.6 percent of the month in April, below the zero growth provided by economists surveyed by LSEG, bringing the average house price to £ 270,752, new data were displayed.

At the national level, he said that the prices of the houses were still 3.4 percent higher than in April last year, however, but lower than the expectations of 4.1 percent analysts and fall from an annual increase of 3.9 percent of the previous month.

Robert Gardner, Nationwide’s main economist, said: “The softening Price of the house Growth should be expected, given the changes in the duty of sealing earlier this month. Early directions suggest that there was a significant leap of transactions in March, and buyers presented their purchases to avoid additional tax obligations. “”

He added: “The market is likely to remain slightly soft in the coming months, following the pattern that was usually observed after the end of the buzzer rate holiday.”

Nation’s is the first key housing price data in April, when the timbre service returned to the rates applied before the temporary holidays for certain purchases between September 2022 and March 2025. From April, buyers for the first time will begin to pay the tax for the properties worth £ 300,000 or more, instead of £ 425,000.

However, Sandra Horsfield, an Investig Bank economist, said that if the Swap rates are falling down, which determine the mortgage bids’ offers, this could “tempt more buyers in the market and raise the prices of the most visibly houses in the coming months.”