House prices fall at fastest pace in 11 years as coronavirus hits property market
UK house prices fell at the sharpest monthly rate since February 2009, after £4,000 was wiped off the average cost of a home in May, according to Nationwide.
Transaction numbers plunged 53 per cent after the government shut down much of the property market to help slow the spread of coronavirus.
Annual price growth more than halved from 3.7 per cent to 1.8 per cent, taking the average cost of a…
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