Sharp slowing in house price growth
House prices fell by 1.3% month on month in April, taking the average value to £271,000, according to an official report.
On a year-on-year basis, prices increased by 5.5% in April, slowing down sharply from a 9.6% annual rate of growth recorded across the UK in March, the Office for National Statistics (ONS) data showed.
The 5.5% annual rate of growth is less than half that seen last summer and is the lowest rate recorded since December 2013.
The ONS report said: "The pace of annual house price growth fell across the majority of the UK in April 2015."
More on AOL Money:
Young giving up on dream of homeownership
One bed flat on sale for £2.65 million
Is this Scotland's biggest house price cut?
