House prices suffers “largest monthly fall for 11 years” Nationwide
reports
reports
UK House prices fell by 1.7% in May from the April 2020, the
biggest “monthly fall for 11 years”, leading mortgage lender Nationwide reports.
biggest “monthly fall for 11 years”, leading mortgage lender Nationwide reports.
The annual growth in house prices also halved from 3.7% to
1.8%, as the coronavirus crisis hammered market activity.
1.8%, as the coronavirus crisis hammered market activity.
HMRC data revealed that residential property transactions
fell 53% in April compared with 2019.
fell 53% in April compared with 2019.
"The medium-term outlook for the housing market remains
highly uncertain," the Nationwide warned.
highly uncertain," the Nationwide warned.
Economist predicts the fall "is just the start of a
protracted decline over the remainder of this year,"
protracted decline over the remainder of this year,"
What does this mean for you as a home buyer or property
investor?
investor?
In this Money Tips Podcast episode:
1.
House prices see “largest monthly fall
for 11 years” in May Nationwide reports
House prices see “largest monthly fall
for 11 years” in May Nationwide reports
2.
8.7 million people are on Job Retention
scheme, 2 million more claiming benefits
8.7 million people are on Job Retention
scheme, 2 million more claiming benefits
3.
One quarter of the workforce are now on
furlough costing taxpayer multi-billions
One quarter of the workforce are now on
furlough costing taxpayer multi-billions
4.
UK property sales hit record low in
April, “asking” house prices have come down
UK property sales hit record low in
April, “asking” house prices have come down
6.
You don’t need your own money to create a
second income in property
You don’t need your own money to create a
second income in property
7.
Will your job be one of millions phased
out by automation, innovation and AI?
Will your job be one of millions phased
out by automation, innovation and AI?
8.
Time to your economy or Uconomy started
whatever the country is doing!
Time to your economy or Uconomy started
whatever the country is doing!
9.
You can create a second income or get
into property during the lockdown…
You can create a second income or get
into property during the lockdown…
If you’d like further information on how to survive the
crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send
me a message through Facebook or my Money Tips Daily community.
crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send
me a message through Facebook or my Money Tips Daily community.
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