Housing prices: It was ‘supposed to be a safe investment’

House prices will likely fall further in the coming months after a closely-watched index reported the biggest drop in 14 years, experts predict.

It comes after Nationwide reported that annual property values declined by 3.8% in July – the sharpest fall since July 2009.

Sky’s Inzamam Rashid spoke to a homeowner who’s desperate to sell. And despite dropping the price by £30,000, she is still struggling to find a buyer – she says mortgage rates may be putting people off.

#housing #mortage #skynews

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog

Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales

Articles You May Like

Larry Ellison is $18 billion richer after Oracle shares rally the most since 2021
Giovanni Pernice will not return to Strictly Come Dancing, BBC confirms
OPEC calls for more fossil fuel investment to prevent shortfall, dismisses peak oil demand prediction
Norway discovers Europe’s largest deposit of rare earth metals
Putin knew Kyiv would reject ceasefire offer – where will the escalation end?