Annual House Price Growth Crashes to 5 Year Low
The gradual decline in property prices has finally halted to a 5-year low. According to an analysis gathered by Nationwide, annual house price growth has reached its lowest percentage at 1.6% since May 2013. It is most certainly that the recent drop in house prices is due to unforeseeable changes in the economy. From September 2017 to September 2018, there were 1.2 million transactions in the housing market – 30% lower than amounts seen during the recession of 2007.
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