House prices remain steady in April

Property values increased by 0.1% between March and April, according to the Halifax house price index, following a decline of 0.9% over the previous month. It meant an average home was £288,949 - 1.1% higher than the same month last year, and up from a rise of 0.4% in the year to March when prices averaged £288,781. Amanda Bryden, head of mortgages at Halifax, said: "This reflects a housing market finding its feet in an era of higher interest rates." Bryden said she believed that prices would "rise modestly" this year, having previously thought it unlikely that there would be an increase. Prices increased fastest in Northern Ireland, where they are 3.4% higher than they were 12 months ago at an average of £192,502. House prices in Scotland, Wales and the north west of England also increased year-on-year. However, home values in the east of England fell 1.1% to an average of £329,723.  

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