UK house prices suffer May slide

According to figures released by the building society overnight, the average house price now sits at £173,538 ($A358,502), 4.4 per cent down on May 2007.

Nationwide’s chief economist Fionnuala Earley dismissed concerns about the price drop; she said it wasn’t unexpected and that recent falls had “simply eroded some of the large gains that were made over the last few years”.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 30 May 2008