House prices make biggest fall in three years

house prices falling

Figures from Nationwide show that house prices have dropped 1.5% from June last year, the biggest fall in three years. The average house price is now £165,738. Prices fell by 1% in the UK in the last quarter, although prices in London were up 1% in the same period. The housing market remains somewhat static, but how does this and the driving down of prices affect our tradesmen and tradeswomen at MyBuilder? Let us know whether a stalled market is great for renovations and repairs work or whether the lack of new homeowners is meaning less work overall in the industry.

Photo: Images of Money.

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