UK house prices fall for first time in eight years, as coronavirus hits property market
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK house prices fell 0.1 per cent in June compared with a year ago, in the first annual decline since 2012, according to Nationwide. The average price of sold properties decreased 1.4 per cent month to month following a 1.7 per cent fall in May. Despite the recent dip, average house prices are still 19 per cent higher than they were at a peak reached before the financial crash in 2007. He added: “The 3.2 per cent fall in Nationwide’s measure of house prices since its April peak undermines the popular narrative that the housing market currently is experiencing a V-shaped recovery.