UK house prices fall for first time since 2012 - Nationwide
Nationwide said its measure of house prices fell by 0.1% compared with June of last year. In monthly terms, prices fell by 1.4%, not as steep as May's 1.7% fall, the biggest drop in more than 11 years.
- Country:
- United Kingdom
Britain's house prices in June fell in annual terms for the first time since 2012 as the country reeled from the coronavirus shock to the economy, mortgage lender Nationwide said on Wednesday. Nationwide said its measure of house prices fell by 0.1% compared with June of last year.
In monthly terms, prices fell by 1.4%, not as steep as May's 1.7% fall, the biggest drop in more than 11 years. A Reuters poll of economists had pointed to an annual rise of 1.0% and a monthly fall of 0.7%.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Britain
- William Schomberg
- Kate Holton
- COVID-19
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