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The Latest Breaking News from Robert Gardner

House prices fell 1.8% in 2023 but were unchanged in December, Nationwide says

Prices have been falling as borrowing costs rose

Evening Standard

UK house prices fall by 1.8% during year amid higher mortgage costs

Property market weak, says Nationwide, which expects prices to remain flat or drop slightly in 2024

The Guardian - UK

UK house prices inch higher but ‘rapid rebound’ in property market unlikely

House prices inched up by 0.2% last month, compared with October, Nationwide revealed in its monthly House Price Index.

The Independent UK

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UK house prices rise for third month; factory downturn eases – as it happened

Nationwide reports house prices only fell 2% in year to November, and rose during the month, as mortgage rates fall

The Guardian - UK

UK house prices increased by 0.9% month-on-month in October, says Nationwide

The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained, Nationwide said.

The Independent UK

Tata Steel reports loss after delaying jobs cuts announcement at last minute – as it happened

An expected announcement on the future of the country’s biggest steel plant has been delayed, after reports that thousands of jobs could be lost

The Guardian - UK

London house prices fall over £20k on average as mortgage rates bite but full crash ‘unlikely’ say experts

House prices have fallen 3.8 per cent since interest rate hikes began, but demand for homes still outweighs supply

Evening Standard

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UK house prices drop 5.3% with falls in every region, says Nationwide

High interest rates blamed for year-on-year fall with price of average home £14,500 lower than September 2022.

The Guardian - UK

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Independent UK

Sharon White stepping down from John Lewis; UK house prices fall at fastest rate since 2009 – as it happened

John Lewis chair Sharon White will not seek second term at retailer, as Nationwide reports UK house prices fell 5.3% in year to September

The Guardian - UK

Sharp drop in UK house prices as rising cost of borrowing hits market

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

The Independent UK

UK house prices fall at fastest rate since 2009, says Nationwide

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

The Guardian - UK

House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Independent UK

UK interest rate rise: what it means for you

How the new base rate may affect mortgage holders and savers

The Guardian - UK

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Ideal Home

UK house prices drop at sharpest annual rate in 14 years – here's what you need to know

Nationwide reveal that housing affordability 'remains stretched'

Evening Standard

UK house prices fall at fastest annual rate for 14 years

The price of a typical home is now 4.5 per cent below the August 2022 peak

The Guardian - UK

UK house prices fall at fastest rate since 2009 after interest rate rises

Nationwide says cost of a typical home is £260,828 after 3.8% year-on-year drop in July

The Guardian - UK

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

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The Independent UK

Recession fears as house prices slump and manufacturers suffer worst month since lockdown

Price of a typical home is now 4.5 per cent below the August 2022 peak

The Independent UK

UK house prices fall at fastest annual rate in 14 years

The price of a typical home is now 4.5% below the August 2022 peak, Nationwide Building Society said.

The Guardian - UK

UK house prices rise unexpectedly in June but annual rate falls

Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming months

The Independent UK

Average house price falls 3.5% as mortgage rates keep climbing

The sharp increase in borrowing costs is likely to exert a significant drag on near term housing market activity, Nationwide Building Society said.

The Guardian - UK

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

The Independent UK

Brexit was ‘historic economic error’, says ex-US Treasury chief

UK’s exit from EU helped fuel inflation crisis, says top US economist Larry Summers

The Guardian - UK

UK mortgage lending hits record low in sign of housing market stress

Bank of England data shows sharp dip in borrowing as Nationwide says house prices falling at fastest annual rate since 2009

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