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The Latest Breaking News from Robert Gardner

Recession fears as house prices slump and manufacturers suffer worst month since lockdown

Price of a typical home is now 4.5 per cent below the August 2022 peak

The Independent UK

UK house prices fall at fastest annual rate in 14 years

The price of a typical home is now 4.5% below the August 2022 peak, Nationwide Building Society said.

The Independent UK

UK house prices rise unexpectedly in June but annual rate falls

Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming months

The Guardian - UK

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Average house price falls 3.5% as mortgage rates keep climbing

The sharp increase in borrowing costs is likely to exert a significant drag on near term housing market activity, Nationwide Building Society said.

The Independent UK

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

The Guardian - UK

Brexit was ‘historic economic error’, says ex-US Treasury chief

UK’s exit from EU helped fuel inflation crisis, says top US economist Larry Summers

The Independent UK

UK mortgage lending hits record low in sign of housing market stress

Bank of England data shows sharp dip in borrowing as Nationwide says house prices falling at fastest annual rate since 2009

The Guardian - UK

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Eurozone inflation falls to 6.1%; Brexit a ‘historic economic error’; US private payrolls rise – as it happened

Eurozone inflation eased more than expected last month, as former US Treasury secretary Larry Summers warns Brexit helped to drive up UK inflation

The Guardian - UK

Housing market headwinds set to strengthen in near term, says Nationwide

Across the UK, house prices fell by 0.1% month on month and by 3.4% annually in May, Nationwide Building Society said.

The Independent UK

‘Tentative signs of a recovery’ as UK house prices rise month on month

Average UK house prices had fallen for seven months in a row before April’s slight increase

Evening Standard

UK house prices rise for first time in eight months

Nationwide expert hails ‘tentative signs of a recovery’ as buyers’ confidence improves

The Guardian - UK

UK house prices rise after seven months of falls; Uber revenues jump; eurozone inflation rises to 7% – as it happened

Nationwide reports that UK house prices shows ‘signs of stabilisation’ in April, rising unexpectedly by 0.5%

The Guardian - UK

‘Tentative signs of a recovery’ as house prices rise month on month

Average UK house prices had fallen month on month for seven months in a row before April’s pick-up, Nationwide Building Society said.

The Independent UK

Nationwide Index shows UK house prices have dropped for seven months in a row

Nationwide reports the largest annual decline since July 2009

Bristol Post

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The Guardian - UK

UK house prices fall at fastest annual rate since 2009

Average property drops 3.1% to £257,122 over year to March, says Nationwide

Evening Standard

Average UK house prices have fallen for seven months in a row

House prices prices have dipped 4.6 per cent below their August peak.

The Independent UK

Average UK house prices have fallen for seven months in a row – Nationwide

House prices have dipped 4.6% below their August peak, according to Nationwide Building Society.

Daily Mirror

House prices suffer worst slump in 11 YEARS as higher mortgage rates hit buyers

House prices have fallen on a monthly basis for six months in a row, according to Nationwide which may sound like good news, however, the reason for the fall is due to higher borrowing costs for buyers

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Wales Online

House prices fall by 1.1% in first annual decline for years

Prices are now 3.7% lower than their August 2022 peak

The Independent UK

House prices dipped 1.1% year-on-year in February, Nationwide reports

The building society said it was the first annual decline recorded since June 2020.

Daily Mirror

UK house prices fall again - down 3.2% from last year peak, according to Nationwide

Even though this may sound like positive news for buyers, Nationwide says that it is "too early" to tell whether the housing market had started to recover after the infamous "mini budget" last year

Evening Standard

Average UK house prices fall as market continues to cool, says Nationwide

Annual house price growth in January slowed to 1.1%, from 2.8% in December, according to Nationwide

Liverpool Echo

Average UK house price continues to drop

The average home in the UK sold for 2.8% more in December 2022 compared to December 2021.

The Independent UK

House prices continue losing streak, but falls ease in December, says Nationwide

The average home in the UK sold for just 2.8% more in December than it had a year earlier

The Guardian - UK

Experts predict housing market will cool in 2023 as UK enters a recession

The slowdown is expected to intensify with price declines between 5% and 12%

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