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UK House Prices at Risk of Fall as Cost of Living Crisis Spreads

While house prices have been increasing at double-digit rates so far this year, that could soon end.

Strong housing markets this year could be put under strain soon because of accelerating inflation, Nationwide said. 

Strong housing markets this year could be put under strain soon because of accelerating inflation, Nationwide said. 

Photographer: Simon Dawson/Bloomberg

Building society Nationwide has warned that house prices might begin to slide later this year as budgets are put under pressure by the rising cost of living.

The firm said that while house prices have been increasing at double-digit rates so far this year, they could start falling again.