Biggest drop in UK annual house prices since 2009, with market ‘facing strengthening headwinds’ – business live
Nationwide reports that UK annual house price growth fell to -3.4% in May, from -2.7% in April, but hopes for a ‘soft landing’ Chris Druce, senior research analyst at estate agent Knight Frank, says further interest rate increases will act as a ‘brake’ on the housing market: “With fewer transactions at the start of the […]