The Brexit squeeze is starting to be felt as house prices dropped amid rising inflation. While an annual increase is still expected, it’s the first time since mid-2012 that back-to-back monthly falls have been reported.British house prices have fallen for a second consecutive month, data from mortgage lender Nationwide showed on Friday. Nationwide said prices declined by a monthly 0.4 percent following a fall of 0.3 percent in March, which had been the first drop since mid-2015. The last time two successive months of falling house prices was reported was in mid-2012, suggesting Britons are starting to feel the impact of Brexit. Nationwide economist Robert Gardner suggests that while monthly figures can be erratic and that a modest annual increase is still expected, the figures suggest British households are beginning to feel the pinch.

Source: Daily News Egypt April 28, 2017 13:41 UTC