Biggest monthly drop since financial crash as potential buyers delay for six months
House 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...from Property | The Guardian https://ift.tt/2TZlFLJ
via IFTTT
No comments:
Post a Comment