{"id":139002,"date":"2023-09-01T14:27:23","date_gmt":"2023-09-01T07:27:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-says-nationwide\/"},"modified":"2023-09-01T14:48:51","modified_gmt":"2023-09-01T07:48:51","slug":"uk-house-prices-fall-at-fastest-rate-since-2009-says-nationwide","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-says-nationwide\/","title":{"rendered":"UK house prices fall at fastest rate since 2009, says Nationwide"},"content":{"rendered":"


\nAugust 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021Business live \u2013 latest updatesUK house prices fell 5.3% in August compared with the same month last year, the fastest annual drop in 14 years, according to Nationwide Building Society.The lender said the fall, which was the biggest since July 2009, when the global economy was in the depths of the financial crisis, was driven by soaring mortgage costs, which are putting off potential buyers. Average house prices are more than \u00a314,500 lower than they were a year ago and mortgage approvals have plummeted by a fifth compared with pre-pandemic levels. Continue reading…
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\nSource : theguardian.com
\nRead more…UK house prices fall at fastest rate since 2009, says Nationwide<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

August 5.3% drop comes as sales completions down by about 40% in first half of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-139002","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-A9Y","jetpack-related-posts":[{"id":138582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-after-interest-rate-rises\/","url_meta":{"origin":139002,"position":0},"title":"UK house prices fall at fastest rate since 2009 after interest rate rises","date":"August 1, 2023","format":false,"excerpt":"\r Nationwide says cost of a typical home is \u00a3260,828 after 3.8% year-on-year drop in JulyBusiness live \u2013 latest updatesUK mortgage approvals rise despite surge in interest ratesAnalysis \u2013 mortgage rates show sign of easingUK house prices fell last month at the fastest annual rate in 14 years, as higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-rail-strikes-begin-across-england-business-live\/","url_meta":{"origin":139002,"position":1},"title":"UK house prices fall at fastest rate since 2009; rail strikes begin across England \u2013 business live","date":"September 1, 2023","format":false,"excerpt":"\r Live, rolling coverage of business, economics and financial markets as home prices drop by 5.3% from peak last yearGood morning, and welcome to our live coverage of business, economics, and financial markets.UK house prices fell by 5.3% from their peak in August 2022 to this year, the fastest decline\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-at-fastest-rate-in-18-months-nationwide-reports\/","url_meta":{"origin":139002,"position":2},"title":"UK house prices rise at fastest rate in 18 months, Nationwide reports","date":"August 1, 2024","format":false,"excerpt":"\r Annual growth rate was 2.1% in July but building society says high mortgage rates still pose challengesUK house prices have grown at the fastest rate in 18 months but high mortgage rates mean many prospective buyers still face affordability challenges, Nationwide has said.The building society said the average house\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-amid-coronavirus-crisis\/","url_meta":{"origin":139002,"position":3},"title":"UK house prices fall at fastest rate since 2009 amid coronavirus crisis","date":"June 2, 2020","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-rose-at-fastest-rate-in-almost-a-year-says-halifax\/","url_meta":{"origin":139002,"position":4},"title":"House prices rose at fastest rate in almost a year, says Halifax","date":"September 7, 2018","format":false,"excerpt":"\r Lender\u2019s August data differs from that of rival Nationwide, pointing to north-south marketHouse price inflation has risen to its highest rate in nearly a year, according to Halifax, with prices accelerating at an annual rate of 3.7%, significantly above the rate of wage growth.Britain\u2019s biggest mortgage lender said the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-annual-rate-since-2009\/","url_meta":{"origin":139002,"position":5},"title":"UK house prices fall at fastest annual rate since 2009","date":"March 31, 2023","format":false,"excerpt":"\r Figure for average property drops 3.1% to \u00a3257,122 over year to March, says NationwideBusiness live updates: UK house prices in biggest fall since 2009UK house prices have fallen at their fastest annual rate since the aftermath of the financial crisis in 2009, with experts at Nationwide warning that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139002"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=139002"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139002\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}