British house prices slid in March at the fastest annual rate since the financial crisis, mortgage lender Nationwide said on Friday.
House prices fell 3.1% year-on-year, the biggest such drop since July 2009, Nationwide said. Compared with February this year, prices were 0.8% lower.
Economists polled by Reuters had expected prices to fall by 2.2% from a year earlier and by 0.3% in monthly terms. Nationwide said the market was still feeling the effects of a "turning point" last year - the September economic agenda of former prime minister Liz Truss, which prompted a confidence crisis in British assets and hammered the mortgage market.
"It will be hard for the market to regain much momentum in the near term since consumer confidence remains weak and household budgets remain under pressure from high inflation," said Nationwide chief economist Robert Gardner.this month said a slump in new buyer enquiries eased off a little.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
March against HISD state takeover set for Friday with Rep. Sheila Jackson Lee as grand marshalAt least a dozen groups have joined forces to organize a march against the Texas...
Les mer »
Skrillex to Play 5-Hour Set at Red Rocks Amphitheatre.Skrillex is set to play a 5-hour set at the Red Rocks Amphitheatre.
Les mer »
As COVID-19 Protections End, LA Renters And Landlords Brace For Possible Eviction WavePandemic-era eviction protections in place since March 2020 expire across L.A. County on Friday.
Les mer »
Things to do this week: Boulder Farmers Markets; the music of Selena; Disney’s LGBTQ prideWe’re only a week into spring, but the Boulder County Farmers Market is already back for the season, starting April 1.
Les mer »