Latest data released by UK Nationwide Building Society - 2 June 2020
- Prior +0.7%
- House prices +1.8% vs +2.8% y/y expected
- Prior +3.7%
Slight delay in the release by the source. Nationwide notes that 12% of the population had put off moving homes as a result of lockdown measures in the UK, based on their survey, with most people viewing the situation as a temporary pause in the housing market.
Adding that would be-buyers are now planning to wait six months on average before looking to enter back into the market and the medium-term outlook remains highly uncertain.
