House prices see biggest monthly fall for over two years

According to the nationwide lender, the UK house prices saw the largest monthly decrease in June for more than two years in June.

Prices fell by 0.8% last month.

Prices increased by 2.1%throughout the year, but this was the slowest annual growth rate for about one year.

However, he said he expects the activity in the housing market to be gathered in the coming months.

Nationwide’s chief economist Robert Gardner said that many potential hosts are “supportive”.

He said that the unemployment rate is low, the gains are still exceeding inflation and the Bank Bank made more deduction on interest rates.

The amendments to the stamp tax, which came into force in April, mean that the landlords in England and Northern Ireland have now paid more than £ more than £ more than £ more than £ more than £ more than £ more than £ more than £ more than £.

For the first time, buyers must also pay stamp tax in costs of more than £ 300,000, whereas before the April change, no fee was charged unless the property was above £ 425,000.

Matt Swannell, Economic Advisor of the Matter Club, said that monthly home price changes may be “quite variable and exaggerated with the change in the stamp tax threshold of April”.

This change broke the market in the first half of the year, dedi he said, at the end of March, the agreements ran.

“[Since April] The housing market is in a soft patch, but we think it will temporarily prove, the increase in mortgage approvals for new home purchases that lead to housing transactions, indicating that it has already begun to fade. “

Nationwide’s home price data are based on their own mortgage loans that do not include buyers who buy home with cash or purchase agreements. Cash buyers constitute approximately one third of housing sales.