UK house prices fell 0.6 percent in May Nationwide says
UK house prices fell 0.6 percent in May leaving them 1.7 percent higher than a year ago. The decline was sharper than the 0.2 percent drop expected by economists.
Xurve View
Xurve View
United Kingdom house prices fell 0.6% in May, according to Nationwide Building Society. Property values are now 1.7% higher than one year ago. The shortfall against economist forecasts signals sustained pressure from elevated borrowing costs on buyer activity.
### Market Performance Misses Forecasts The 0.6% monthly drop was deeper than the 0.2% decline economists polled by Reuters had anticipated. Annual growth also trailed expectations, coming in at 1.7% compared to the 2.2% median forecast.
