House prices dip in roller coaster ride | Money | guardian.co.uk

House prices dip in roller coaster ride | Money | guardian.co.uk

House prices continued their roller coaster route last month with a 0.2% fall following a 0.5% rise in March, according to figures released by the Nationwide Building Society.

However the fall in the index is not the good news it might seem for first-time buyers. According to the building society, the small drop is the result of "seasonal adjustment", a twiddling of the figures to make up for the fact that more properties sell in April compared to, say, December, therefore distorting prices.