UK housing market headwinds set to strengthen in near term, says Nationwide

The average UK house price recorded its biggest annual fall in nearly 14 years in May, according to Britain’s biggest building society, as it warned that housing market challenges look set to strengthen in the near term.

Property values fell by 3.4 per cent annually in May, marking the biggest drop seen since July 2009 when an annual fall of 6.2 per cent was recorded, Nationwide Building Society said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

businessposthq /  🏆 8. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Land speculation tax could cause property market ‘hiatus’ - property sectorIrish Institutional Property has also warned the government’s new rules on for zoned housing land will not reduce home prices
Read more »

This bright family home with a beautiful garden is on the market for €275,000 | IMAGE.ieA three-bedroom, two-bathroom family home, this property comes to market in excellent condition.
Read more »