Are house prices set to slump?

The property market has fallen for the third month in a row. Is a dramatic fall in house prices on the cards, asks Sarah Moore.

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There'll be no bargains for most buyers anytime soon
(Image credit: AndreaAstes)

UK house prices fell in May for the third month in a row, according to figures from building society Nationwide. This is the first time we've seen three consecutive months of price falls since the financial crisis. But while this suggests we may finally have reached the upper level of what people are prepared to spend on property, it doesn't mean we're about to see the much-predicted house-price crash yet.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.