Prices fell in April as purchasers rushed to beat the stamp duty relief removal deadline at the end of March
House prices fell by 2.7% in April compared to March, according to official Land Registry figures.
The registry’s index shows the average property price in the United Kingdom was £265,497 in April this year.
On an annual basis, average prices are 3.5% up this annual growth is down on the 7% increase seen in the 12 months to April 2024.
>>See also: House prices show ‘unusual dip’ in June
A spokesperson for the Land Registry said: “The sharp decrease in UK transactions volumes in April 2025 (particularly in England and Northern Ireland) following the sharp increase in March 2025 likely reflected buyers rushing to complete purchases before Stamp Duty Land Tax changes on 1 April 2025.
Stamp duty changes were announced in the Autumn Budget, including the removal of temporary reliefs for first time buyers in England and Northern Ireland in April.
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