Pursuits
U.K. House Prices Fall for First Time in Almost Two Years
- Nationwide index shows home values dropped 0.3% in March
- Annual pace of increases also cooled this month, report says
A couple look at houses for sale in the window of William H Brown estate agents in this arranged photograph in Chelmsford, U.K., on Tuesday, Dec. 15, 2015. U.K. asking prices rose an annual 7.4 percent in December amid a continuing shortage of homes for sale, according to Rightmove.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
U.K. house prices fell for the first time in almost two years in March, according to the latest report from Nationwide Building Society.
The 0.3 percent monthly drop, the first decline since June 2015, pulled the annual rate down to 3.5 percent from 4.5 percent. That’s the weakest year-on-year increase in values since August 2015.