UK house prices rose by 3.9% in the year to April 2018, down from 4.2% in the year to March 2018.
In the Bank of England's Agents' summary of business conditions for the period covering late February to mid-April, Agents reported subdued market activity overall. Both demand and supply were weak in the market for existing properties, whereas demand for new builds had been robust, supported by Help to Buy. There was some excess supply in the south and excess demand in the north, leading to a modest excess of supply overall.
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