UK DATA: Nationwide: House Prices Fall 0.2% On Month in April
–Nationwide: UK Apr House Prices -0.2% m/m; -1.3% y/y
–Nationwide: Feb-Apr House Prices +0.6% 3m/3m vs +0.4% Jan-Mar
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UK house prices dipped in April from March, pushing prices down
1.3% on the year, the latest Nationwide survey showed. House prices
fell 0.2% on the month in April, having risen 0.5% in March and 0.4% in
February. The year-on-year fall was the largest since January and the
third such fall so far in 2011. The data showed that in the three months
through April on the previous three months house prices were up 0.6%.
Nationwide downplayed the monthly fall, taking the view prices are
“fairly static”.