House prices see “largest monthly fall for 11 years” Nationwide reports
House prices see “largest monthly fall for 11 years” Nationwide 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.
The annual growth in house prices also halved from 3.7% to 1.8%, as the coronavirus crisis hammered market activity.
HMRC data revealed that residential property transactions fell 53% in April compared with 2019.
“The medium-term outlook for the housing market remains highly uncertain,” the Nationwide warned.
Economist predicts the fall “is just the start of a protracted decline over the remainder of this year,”
What does this mean for you as a home buyer or property investor? Opportunity!!!
In this Money Tips Podcast episode:
- House prices see “largest monthly fall for 11 years” in May Nationwide reports
- 7 million people are on Job Retention scheme, 2 million more claiming benefits
- One quarter of the workforce are now on furlough costing taxpayer multi-billions
- UK property sales hit record low in April, “asking” house prices have come down
- Learn how to take advantage of OPPORTUNITIES to make money in property
- You don’t need your own money to create a second income in property
- Will your job be one of millions phased out by automation, innovation and AI?
- Time to your economy or Uconomy started whatever the country is doing!
- You can create a second income or get into property during the lockdown…
- Learn how to make money from property without deposits, credit checks or mortgages
- Learn from experts – free Rent to Rent Training Register here – https://bit.ly/2MRLGbL
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.
You can create a second income and get into property during the lockdown…using other people’s money…
Learn from experts – Tuseday 16 June – Register
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1) Uncover the tools you need to survive in property & business post Covid 19
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5) How to generate cash flow right now – no mortgages, credit checks or deposits
Free Rent to Rent Training Tuesday 16 June 7.30PM
JOIN HERE: https://bit.ly/2MRLGbL
