UK house prices have fallen for the third consecutive May this month, marking the biggest sustained decline since the financial crisis of 2009, according to a report from Nationwide Building Society. Prices across Britain fell by 0.2% May-on-May in month, following falls of 0.2% and 0.3% in April and March respectively. The report pointed to uncertainty surrounding Brexit and the upcoming general election, as well as a rise in living costs, as the reasons for house price cooling.
UK house prices have fallen for the third consecutive month this May, marking the biggest sustained decline since the financial crisis of 2009, according to a report from Nationwide Building Society. Prices across Britain fell by 0.2% month-on-month in May, following falls of 0.2% and 0.3% in April and March respectively. The report pointed to uncertainty surrounding Brexit and the upcoming general election, as well as a rise in living costs, as the reasons for house price cooling.