Property News · June 2, 2020

UK house prices fall at fastest rate since 2009 amid coronavirus crisis


Biggest monthly drop since financial crash as potential buyers delay for six monthsHouse prices across the UK fell at the fastest rate since the financial crisis last month, as would-be buyers said they would wait six months before returning to the housing market.The average price of a home dropped 1.7% in May from the previous month to £218,902, according to Nationwide Building Society, one of the UK’s largest mortgage lenders. This comes after April’s 0.9% gain and is the the biggest monthly fall since February 2009. Continue reading…

Source : theguardian.com
Read more…UK house prices fall at fastest rate since 2009 amid coronavirus crisis