UK house prices posted its biggest decline since June 2020 reflecting the loss of momentum in the property market amid the stretched housing affordability, data published from the Nationwide Building Society showed Thursday.
House prices dropped by a more-than-expected 1.4 percent on a monthly basis in November, after easing 0.9 percent in October.
Prices were forecast to fall 0.6 percent. This was the largest decrease in property prices since June 2020.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.