UK House Prices Fall for First Time This Year as Middle East Crisis Pressures Buyers
UK house prices declined by 0.6% in May, the first monthly fall this year, as geopolitical tensions in the Middle East drove up borrowing costs and dampened buyer appetite. The annual rate of house price inflation slipped to 1.7% in May from 3% in April, with the average property value now standing at £278,024, according to data from major mortgage lender Nationwide. The Middle East Impact on Borrowing Costs The deterioration in the housing market reflects broader economic headwinds triggered by…









