What’s happening with UK house prices? Latest property market moves and forecasts

House prices dropped at the fastest monthly rate in almost four years in April thanks to tax changes, but property analysts claim the market looks resilient overall

Row of houses in the UK
(Image credit: Karl Hendon via Getty Images)

Stamp duty changes put the brakes on the property market in April, with transaction volumes plummeting 64% in the month and house prices falling 2.7%, according to official figures published on 18 June.

Buyers and home movers rushed transactions through in the first three months of the year before the tax-free allowances dropped, resulting in a busy start to the year and a slow April.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.