UK house prices in biggest fall since 2009, but recession avoided – business live

📆 2023/03/31 19:16:00
📰 GuardianAus

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Average UK house prices fell 3.1% in year to March, Nationwide reports, while economy returned to growth in final quarter of last year, dodging technical recession

Nationwide’s chief economist, Robert Gardner, says:

Housing affordability also remains stretched, where mortgage rates remain well above the lows prevailing at this point last year.UK house prices are falling at the fastest annual rate since the aftermath of the financial crisis, new data from Nationwide shows.

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