UK house prices have fell back by 0.4% in May as the population awaits the outcome of the EU referendum.
The month-on-month decline across England and Wales has seen the steepest fall since November 2011, taking the average price of a home to £293,599.
Property values however remain 6.8% higher than they were in May 2015.
The latest figures come after The Royal Institution of Chartered Surveyors (RICS) predicted a short-term drop in UK house prices over the next three months for the first time since 2009.
Uncertainty resulting from the upcoming EU referendum, as well as the stamp duty changes in April, were cited as the biggest factors in the price drop.
A survey of 326 surveyors reported that the sharpest decline in house prices would fall across East Anglia, South East England, South West England and Yorkshire and Humber.
The survey also suggested that the number of properties being sold on the market is at a record low.
A new student accommodation development at the University of Hull is being constructed using the Nvelope NV1 rainscreen support system.Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Cladding, Facades, Posts, Retrofit & Renovation, Walls
SWISSPACER, the leading warm edge manufacturer, enjoyed a successful at the action packed glasstec show last month in Düsseldorf, Germany.Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Exhibitions and Conferences, Glass, Posts, Windows
CMS Window Systems has received worldwide recognition for its environmental achievements, courtesy of winning a Green World Award.Posted in Aluminium Products, Articles, Awards, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Systems, Curtain Walling, Doors, Posts, Sustainability & Energy Efficiency, Walls, Windows
Aggregate Industries’ concrete division has made it simpler for housebuilders to specify compliant structural topping products.Posted in Articles, Bricks & Blocks, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Concrete, Cement, Admixtures, Floors, Posts, Retrofit & Renovation