House prices have fallen at the sharpest pace since the financial crisis as rising mortgage rates deter buyers, Nationwide data showed. Prices fell by 3.4pc in the year to May, according to the building society, the biggest annual drop since 2009. In May alone, house prices slumped 0.1pc month-on-month, after rising 0.4pc in April. It has taken the average house price to £260,736, Nationwide said.more