Wednesday 22 September 2021
British house prices fell due to Coronavirus shock to economy

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British house prices fell due to Coronavirus shock to economy

timestampJul 03, 2020 authorAlShorts Web Desk

Mortgage lender Nationwide claimed on 2 July 2020 that the price of houses in Britain has fallen by 0.1% from June 2019. For the first time since 2012, such a decline in annual terms was reported, whereas monthly price outlined 1.4% drop compared to 1.7% in May. The Bank of England published data last week indicating lowest mortgage approval numbers while government is easing restrictions on housing market.

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