House prices fall by 0.3%

DATE: Sep, 9   COMMENTS: 0   AUTHOR: Allan Azarola

House prices fell at the fastest monthly rate in almost five years during March, according to Nationwide building society.

The average cost of a home was £207,308, which is 0.3% lower than the previous month after taking account of seasonal effects. The last time prices fell at this rate was September 2012. The annual rate of change, regarded as a less volatile measure, was a 3.5% rise. However, this was the lowest 12-month growth since August 2015.

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+18.6% over a year (up 24.1% with dividends)
+11% over three years (up 25.1% with dividends)
+27% over five years (up 54% with dividends)
+16.1% over ten years (up 69.6% with dividends)

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