BUSINESSJun 1 · 07:00 UTCTHE GUARDIAN WORLDLauren Almeida

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

UK house prices fell 0.6% in May 2024, marking the first decline this year due to rising interest rates linked to the Iran war. Nationwide reported the average home price dropped to £278,024, while Savills stated the conflict has 'fundamentally changed' the market outlook.

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