UK house prices fall amid economic challenges
UK house prices sustained a steeper than expected fall last month and the biggest quarterly drop in value in almost a year, as economic uncertainty continued to affect the property market.
According to the most recent data from the Bank of England, net residential mortgage approvals declined by 3,100 to 60,500, below economists’ expectations.
HM Revenue and Customs figures published last week showed an estimated 64,680 house sales took place in April, 64% lower than the 177,440 reported in March.
