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The Guardian - UK

Business

Joanna Partridge

REVEALED: Uk house prices fall at fastest annual rate since 2012 | Vintage Vibes

Nationwide United Kingdom

Colourful houses in Wales — Annual house price growth in the UK turned negative in February for the first time since June 2020. Photograph: iWebbtravel/Alamy

Annual house price growth in the UK turned negative in February for the first time in almost three years, Nationwide data shows, falling to its lowest level since November 2012.

The year-on-year 1.1% drop in prices represented the first annual decline in the cost of a home since June 2020, when the housing market reopened after the first Covid lockdown.

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