UK House Prices Fall in May Amid Rising Interest Rates and Middle East Turmoil
UK house prices experienced their first decline this year in May, attributed to rising interest rates and eroded buyer confidence stemming from the conflict in the Middle East.
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UK house prices fall in May amid Iran turmoil
Higher mortgage rates blamed for Nationwide index’s first monthly decline this year
Read full article →Oil and gas prices rise as US and Iran trade strikes; UK house prices fall – business live
British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reports Eurozone factories were hit by the biggest jump in input costs in four years last month. The Iran war drove up the cost of raw materials and intermediate goods, according to the latest poll of purchasing managers at European manufacturers. Although euro area manufacturers reported an expansion for a fourth successive month in May, the sector is showing signs of struggling under the weight o...
By Graeme Wearden
Read full article →House Prices Down In May As Middle East War Erodes Buyer Confidence – Nationwide - Forbes
House Prices Down In May As Middle East War Erodes Buyer Confidence – Nationwide Forbes
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