Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming monthsBusiness live – latest updatesUK house prices defied expectations by growing slightly in June but annual prices fell at the fastest rate since 2009 as soaring mortgage costs took a toll on the market, according to Nationwide building society.The surprise monthly rise of 0.1% reversed a 0.1% fall in May and confounded economist forecasts of a 0.3% fall. It pushed the average cost of a house in the UK up slightly to £262,239. Continue reading…
Source : theguardian.com
Read more…UK house prices rise unexpectedly in June but annual rate falls















