UK house prices stagnant in April - survey

British house prices were flat on the month in April, HBOS said in its Halifax house price survey today.

British house prices were flat on the month in April, HBOS said in its Halifax house price survey today.

The three-month annual rate of increase fell to 7.8 per cent, the lowest in nearly four years, the lender found.

The figures follow a 0.5 per cent monthly gain and a 9.7 per cent annual rate in March's survey.

Britain's largest mortgage lender said the average price of a British home was a seasonally adjusted £163,615 (€239,754) in April.