3rd Aug 2023 | Property News
![In the South West, prices fell by a modest 0.3% in July, as per data from Zoopla. In the South West, prices fell by a modest 0.3% in July, as per data from Zoopla.](https://storage.googleapis.com/nub-news-files/nub-news-file-storage/481756/conversions/Tri7id5N37LOBlzVQ39NZmEAdPNVJw-metaMGU0YmViY2E0ZjdjYmEzNTQ4OWM5NDZmMWQ5OTVkMTliOTUyYWE3Yy5qcGc%3D--category.jpg)
As the UK housing market witnesses its largest annual decline in 14 years, the property landscape in the Mendip area remains resolute.
According to Nationwide, house prices dropped by 3.8% in July, the sharpest fall since July 2009. Despite this trend, local estate agents have reported a recent surge in activity in the Mendip region.