Nationwide reports that house price growth slowed sharply to 1.8% as the impact of the pandemic begins to filter through. This, according to Robert Gardner, Nationwide’s Chief Economist, “is the largest monthly fall since February 2009”.
Anna Clare Harper, author of Strategic Property Investing and co-founder of property fund Anglo Residential, says: “Nationwide’s data is beginning to reflect the impact of lockdown measures on housing market practicalities. It highlights how lockdown is influencing housing priorities, with people wanting a garden, more indoor space and the right community. In the investment space, everyone we speak to is reprioritising in favour of properties that offer stability and income.”