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Wednesday, July 1, 2020

UK annual house prices fall for first time since 2012

Property values down by 0.1% compared with June 2019, says Nationwide

Annual house price growth ground to a halt in June, with property values down by 0.1% year on year, according to Nationwide building society.

It was the first time annual house price growth has been in negative territory since December 2012, with a month-on-month fall of 1.4% taking the average UK house price to £216,403. The monthly fall was less severe than a 1.7% decline recorded in May.

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