Wednesday 4 May 2011

House prices drift down in April - Telegraph

House prices drift down in April - Telegraph

The average home lost 0.2pc of its value during the month, leaving it costing £165,609, according to the Nationwide Building Society.

The fall follows two consecutive months during which prices have risen, although property values have dropped in three of the previous six months, while they have increased during three of them, showing the current unsettled state of the market.

Growth in Britain's construction industry also slowed more than expected last month, the Markit/CIPS construction PMI index showed on Wednesday - it fell to 53.3 in April from 56.4 in March, below the 55.5 forecast.

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