Apr
02
U.K. House Prices Fall for First Time in Almost Two Years
By-
Nationwide index shows home values dropped 0.3% in March
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Annual pace of increases also cooled this month, report says
U.K. house prices fell for the first time in almost two years in March, according to the latest report from Nationwide Building Society.
The 0.3 percent monthly drop, the first decline since June 2015, pulled the annual rate down to 3.5 percent from 4.5 percent. That’s the weakest year-on-year increase in values since August 2015.
While there’s monthly volatility in price changes, the underlying trend is showing the U.K. housing market cooling. The annual increase was close to 6 percent a year ago…
U.K. House Prices Fall for First Time in Almost Two Years
