House prices dip in May

Houses for sale

Last month was the sixth month in a row that the year-on-year price comparison saw a decline

Annual house price growth slowed to 0.6% in May to leave the average price of a home in the UK at £214,946, according to the Nationwide Building Society.

May was the sixth month in a row that the year-on-year price comparison saw a decline.

Month-on-month prices fell 0.2% after taking account of seasonal factors.

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