Economic Buzz: UK House Prices Fall 1.4% On Month In November

1 Dec 2022 , 03:22 PM

UK house prices posted its biggest decline since June 2020 reflecting the loss of momentum in the property market amid the stretched housing affordability, data published from the Nationwide Building Society showed. House prices dropped by a more-than-expected 1.4 percent on a monthly basis in November, after easing 0.9 percent in October. Prices were forecast to fall 0.6 percent. On a yearly basis, the house price growth slowed to 4.4 percent from 7.2 percent a month ago. Powered by Commodity Insights