Government claims house prices are ‘stabilising’

Meanwhile Communities and Local Government has released figures showing the average cost of a home jumped 1.1 per cent during the month. The annual rate at which prices are declining is easing slightly to 13 per cent, down from 13.6 per cent in March. The annual average house price paid by first-time buyers in April was 16 per cent lower than a year ago, while prices paid by owner occupiers were 11.9 per cent lower.