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?

In this Money Tips Podcast episode:

1. 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

3. 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

5. Learn how to take advantage of OPPORTUNITIES to make money in property

6. 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?

8. 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…

10. Learn from experts - free Property Network Summit 4 June 10am https://bit.ly/2zOvFQQ Register here-

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 – join the Property Network Summit Thursday 4 June Register at https://bit.ly/2zOvFQQ

What Will You Learn At The FIRST EVER NETWORK SUMMIT?

1) Uncover the tools you need to survive in property & business post Covid 19

2) Learn the marketing insights into Social media and branding

3) Our speakers will reveal how to maximise and monetise your networking

4) Discover how to build a portfolio with no money and take the risk away

5) How to make SA work right now and how it will blow up post lockdown

Limited places available Register now - https://bit.ly/2zOvFQQ