Jul
02
U.K. House Prices Drop Most in Nine Months, Nationwide Says
ByU.K. house prices fell the most in nine months in June as the market continued a “gradual” slowdown, Nationwide Building Society said.
Values declined 0.2 percent to an average 195,055 pounds ($304,500), the lender said in a statement on Thursday. The annual pace of growth slowed to 3.3 percent, the least in two years, from 4.6 percent.
“This maintains the gradual downward trend that has been in evidence since mid-2014,” said Nationwide Chief Economist Robert Gardner. “Price growth continues to outpace earnings, but the gap is closing, helped by a pickup in annual wage growth.”…
U.K. House Prices Drop Most in Nine Months, Nationwide Says
