Coronavirus sparks biggest monthly fall in UK house prices since 2009.

UK house prices saw their steepest monthly fall in May since the global financial crisis more than a decade ago, new figures suggest.

Lender Nationwide’s closely followed house price index showed the average UK property price drop 1.7% between April and May as the coronavirus lockdown dramatically curbed activity.

The pandemic has brought an abrupt end to the recovery in property prices and activity since prime minister Boris Johnson’s election victory in December.


By Tom Belger.
Full story at Yahoo News.