UK Property

UK house prices fell by 1.8% during 2023, according to the closely watched Nationwide house price index, with activity in the property market described as weak throughout the year.Nationwide put the fall down to higher mortgage borrowing costs, which have remained more than three times higher than the record lows of 2021 despite recent easing.Almost all regions of the UK registered falls, barring Northern Ireland, where prices rose by 4.5%, and Scotland, up slightly by 0.5%.Prices fell everywhere else, with England registering a 2.9% drop and house prices down 1.9%...