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1.Market Observations, 8.Was Sticky

2 June 2017 (AFR,Bloomberg) – UK property starting to look shaky – U.K. Home Prices Fall for Third Month, First Time Since 2009

(2 June 2017, AFR, p7, by Fergal O’Brien, Bloomberg)

‘U.K. house prices fell for a third month in May, the worst streak for the market in eight years, according to Nationwide Building Society. Values fell 0.2 percent from the previous month, taking the annual rate of change down to 2.1 percent. That’s the weakest year-on-year growth since 2013. The average value last month was 208,711 pounds ($268,400).’



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