UK house prices fall for first time this year as Middle East crisis hits confidence – business live

British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsThe 0.6% drop in UK house prices last month is the biggest decline since June 2025, Nationwide’s data shows. Economists polled by Reuters had expected a larger drop, of 0.2%,Here’s some snap reaction to the news that UK house prices dropped last month for the first time this year:“This is further evidence that the housing market slowed down at precisely the time of year when you would expect mo...