UK house prices suffer biggest drop since global financial crisis
UK house prices suffer biggest drop since global financial crisisWhat is the biggest house price drop in the UK?Does Britain suffer the biggest hit to house prices of any large European economy?Where are house prices falling the most in UK?What is the biggest fall in house prices? The fall in UK house prices is the biggest world financial crisis in more than a decade. This is also indicated by data from the National Building Corporation, one of the nation's largest mortgage lenders.
The decrease is 3.8% year-on-year, or the largest since 2009. This rate is happening faster than the 3.5% decrease in the previous month. The Bank of England's 13 consecutive rate hikes from the end of 2021 seem to have deterred Cypriots from paying more for real estate.Real estate prices fell another 1.9 percent in August compared to July, according to data from the Real Estate website.“Higher mortgage rates mean many people will have to suspend their housing plans,” it said. This is a sign that Britain's housing stock is under pressure as inflationary pressures on household incomes and rising interest rates hit record levels since 2008.
UK house prices suffer biggest drop since global financial crisisWhat is the biggest house price drop in the UK?Does Britain suffer the biggest hit to house prices of any large European economy?Where are house prices falling the most in UK?What is the biggest fall in house prices? The fall in UK house prices is the biggest world financial crisis in more than a decade. This is also indicated by data from the National Building Corporation, one of the nation's largest mortgage lenders.
The decrease is 3.8% year-on-year, or the largest since 2009. This rate is happening faster than the 3.5% decrease in the previous month. The Bank of England's 13 consecutive rate hikes from the end of 2021 seem to have deterred Cypriots from paying more for real estate.Real estate prices fell another 1.9 percent in August compared to July, according to data from the Real Estate website.“Higher mortgage rates mean many people will have to suspend their housing plans,” it said. This is a sign that Britain's housing stock is under pressure as inflationary pressures on household incomes and rising interest rates hit record levels since 2008.
