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
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