HOUSE prices fell in March at their fastest annual pace for 14 years, according to the latest figures from the Nationwide.
The lender said prices were down 3.1 per cent compared with a year earlier, the largest annual decline since July 2009.
The Nationwide said the housing market reached a “turning point” last year, after the financial market turbulence which followed the mini-budget.
Since then, “activity has remained subdued”, it added.
