The annual rate of house price growth slowed to 0.6 percent, from 1.6 percent in March.
The average UK house price in April was £261,962.
Last month the average price of a newly marketed property jumped by more than £5,000 month-on-month.
This increase pushed the average asking price to £368,118.
This surge is the largest seen in the past 10 months as the market continues its recovery after a “muted” 2023.
Robert Gardner, Nationwide’s Chief Economist, said:“UK house prices fell by 0.4 percent in April, after taking account of seasonal effects. This resulted in a slowing in the annual rate of house price growth to 0.6 percent in April, from 1.6 percent the previous month.
“The slowdown likely reflects ongoing affordability pressures, with longer term interest rates rising in recent months, reversing the steep fall seen around the turn of the year.
“House prices are now around 4 percent below the all-time highs recorded in the summer of 2022, after taking account of seasonal effects.”
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