General · 1 June 2026
UK house prices fall in May, first time this year
UK house prices fell for the first time this year in May, making things uncertain for people looking to buy. Lender Nationwide reported the average home price dropped 0.6% last month, linking it to rising interest rates and Middle East conflict. The typical UK house now costs £278,024, which is a slowdown from April's 3% annual growth.
Reported by Guardian · How we write briefs