House price growth slows
The latest house price data from Nationwide has revealed that the values have fallen.
In news which could be of interest to mortgage holders, house price growth has slowed to its lowest level in 12 years, the bank stated.
Nationwide's chief economist Fionnuala Earley remarked that house prices fell again in March - the fifth consecutive month such a trend has been recorded by Nationwide.
However, such figures should be put into context, she said.
"The price of a typical house in the UK is now £179,110, only £2,027 more than this time last year. However, prices are still 11 per cent higher than two years ago and 47 per cent higher than five years ago," she remarked.
Ms Earley added that it is likely the Bank of England's monetary policy committee will cut interest rates again in April, although it has a difficult decision to make.
The current base rate level is 5.25 per cent after rate reductions in February and December.
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