May 1, 2024, 10:34 AM
May 1, 2024, 12:00 AM
UK House Prices Decline for the Second Consecutive Month
- UK house prices experienced a sharp decline, attributed to higher mortgage rates.
- Nationwide reports a 4% decrease in average home prices compared to the peak in 2022.
- Affordability pressures from high mortgage rates are impacting the housing market negatively.
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