Wednesday, 7 June 2017

UK House Prices Fall For Three Months In A Row

British house prices fell for a third consecutive month in May for the first time since 2009, according to a survey on Thursday that underlines the housing market's slowdown since last year's Brexit vote. House prices fell 0.2 percent month-on-month in May, compared with a 0.4 percent drop in April, mortgage lender Nationwide said. A Reuters poll of economists pointed to a drop of 0.1 percent. Year-on-year, house prices were 2.1 percent higher, marking the weakest annual growth since June 2013 and slowing sharply from growth of 2.6 percent in April. Read more on the Reuters website.

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