Recent searches
Search options
Administered by:
BREAKING: UK’s house prices are falling at the fastest pace since 2009, per Bloomberg.
Values of homes were at £259,153 ($328,020), down £14,600 from August 2022.
Read more: https://t.co/BYa4NFvAlm
Unusual Whales - News · UK’s house prices are falling at the fastest pace since 2009UK’s house prices are falling at the fastest pace since 2009, per Bloomberg.
Nationwide Building Society said the average cost of a home fell 5.3% in August from its peak in the year ago, the fastest pace since July 2009.
Values of homes were at £259,153 ($328,020), down £14,600 from August 2022.
“The impact of past rises in interest rates is building,” said Martin Beck, chief economic adviser to the EY Item Club. He expects a “slow puncture than a serious correction in house prices.”
“The s