nationwide report house prices

Nationwide report falling house prices

According to the Nationwide Building Society, average house prices have dropped by 0.2% in May, the third month in a row, prices have fallen. Annual price inflation is now just over 2%.

They report the slowdown could be a result of the falling pound putting pressure on household budgets as shop prices rise. Whilst this pressure is likely to continue, the shortage of homes counters this with upwards support.

 

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