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UK house prices fall for first time this year amid rising mortgage rates

Nationwide finds typical price was £278,024 in May, as Savills says Iran war has ‘fundamentally changed’ outlook Business live – latest updates House prices fell in the UK for the first time this year in May, as rising… Grouped from 2 articles across 1 sources.

2 reports1 sourceJun 1, 2026, 1:49 PM
FilterThe Guardian
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The GuardianJun 1, 2026, 1:49 PM

UK house prices fall for first time this year amid rising mortgage rates

Nationwide finds typical price was £278,024 in May, as Savills says Iran war has ‘fundamentally changed’ outlook Business live – latest updates House prices fell in the UK for the first time this year in May, as rising interest rates triggered by the war in Iran hurt homebuyer demand. The price of the average UK home dropped 0.6% in May compared with the month before, according to the lender Nationwide. Continue reading...

The GuardianJun 1, 2026, 7:50 AM

Hastie says falling house prices might not be ‘all that encouraging’ for recent buyers – as it happened

This blog is now closed Get our breaking news email , free app or daily news podcast Tony Abbott, the new party president of the Liberals, said he wouldn’t get “too excited” by the poll showing One Nation’s surging support. But he told RN this morning he believes the country is in trouble and the Liberal/National Coalition is best positioned to lead the nation. Abbott spoke to RN Breakfast this morning, saying: Our economy is stagnant, our society is fragmenting, our security is imperiled, and yes, we don’t believe in ourselves nearly enough. I think the current government is making all of this worse. And it’s really important that we get a better government as soon as possible. … Obviously, we are in a degree of competition with other parties and voices on the centre-right. But in the end, our opponent, our enemy, if you like, is a really bad Labor government, a really bad Green-left-Labor government. Which in its budget, [has led an] assault on aspiration and wealth creation. The point I make is: if you normally vote Liberal, if you’re interested in public life, if you think our country is in trouble, please don’t complain on the sidelines. Join the party and make a difference. Continue reading...

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