UK House Prices Fall at Fastest Pace in Nearly 14 Years, Warns Nationwide

UK house prices have fallen at their fastest annual pace for almost 14 years, with prices in May dropping by 3.4%, according to the Nationwide. This is the largest decline since July 2009, and the average property price now stands at £260,736, with average prices still 4% below their August 2022 peak. Headwinds to the…